INSOLVENCY LAW AND SECOND CHANCE LAWYERS IN TENERIFE
GARCÍA-ARQUIMBAU ABOGADOS
Special procedure for microenterprises
For companies and self-employed workers that have employed less than 10 workers in the year before the application and have an annual turnover of less than €700,000 or liabilities of less than €350,000 according to the latest accounts closed in the year before the submission of the application.
Exemption of unsatisfied liabilities (EPI)
It allows the individual debtor to cancel certain debts by taking advantage of the Second Chance as long as they meet the minimum requirements. Inquiry us.
Liquidation of insolvent companies
Through bankruptcy mechanisms when voluntary liquidation is not possible due to the current insolvency situation.
Insolvency Law and Second Chance
In situations of insolvency of natural persons, whether this insolvency is current, imminent, or probable, we assist you in the processing of the insolvency procedure through which to adopt the necessary measures to put an end to this situation including, if necessary, the exoneration of unsatisfied liabilities, also known as Second Chance. After the latest reform, debt relief goes from being a simple benefit to becoming a right of the natural person debtor when the necessary circumstances exist.
Fundamentally, the figure of the fresh start is promoted, which was already introduced at the time through Law 25/2015, of July 28, on the second chance mechanism. In the case of legal entities, we initiate the insolvency procedures that best adapt to the business circumstances, both with liquidation of the company and in cases of continuation, or transfer of productive units. At García-Arquimbau Abogados we are committed to providing expert advice and support to our clients at every stage of the process.
What can we offer you?
Comprehensive Legal Advice:
Detailed evaluation of the client’s financial and legal situation.
Advice on the options available according to current legislation on insolvency and second chance matters.
Legal representation in judicial and administrative procedures.
Second Chance Procedures:
Evaluation of the client’s eligibility to benefit from the second chance law.
Advice on the preparation of the request for exoneration of unsatisfied liabilities.
Legal representation in judicial proceedings related to the second chance.
Management of Insolvency Procedures:
Preparation and presentation of the proposals for companies that have entered into an arrangement with creditors.
Administration of the common phase of the insolvency, including the preparation of the inventory of assets and the list of creditors.
Preparation and presentation of feasibility plans and agreement proposals.
Management of asset liquidation in the event of bankruptcy proceedings.
Negotiation with Creditors:
Establishment of communication channels with creditors.
Negotiation of refinancing agreements.
Mediation in conflicts between debtors and creditors.
Financial Advice and Business Restructuring:
Detailed financial analysis to identify restructuring opportunities.
Development of strategies to improve long-term financial viability.
Implementation of restructuring measures, including debt refinancing, operational reorganization, and negotiation with stakeholders.
Customer Benefits
Access to a multidisciplinary team of experts in insolvency, financial, and business law.
Personalized advice aimed at finding practical solutions.
Solid and effective legal representation in judicial and administrative procedures.
Minimization of stress and uncertainty associated with complicated financial situations.
Maximizing the chances of obtaining a second financial opportunity and regaining economic stability.
Conclusión
In a challenging business environment, having a trusted and experienced partner can make the difference between success and failure. Our insolvency proceedings management and second chance services are designed to offer our clients the expert assistance they need at critical times. We are committed to working closely with them to overcome challenges and build a strong financial future.
Contact
☎ +34 620 257 614
📩 info@garcia-arquimbau.es
Address
Calle Aguere 11, bajo dcha
Torre de Cristal 1
38005 Santa Cruz de Tenerife
Business Hours
M-Th: 09:00-18:00
F: 09:00-15:00
