There are different types of debt claims to initiate against insolvent companies, remember that insolvency is nothing more than the manifest inability of the company to satisfy the debts contracted with third parties.
In principle, capital companies, especially limited and joint-stock companies, tend to be liable for the debts generated for the development of their commercial activity, with the social capital. However, when a company is insolvent, it can claim the debt directly from the administrators. How to claim the debt that I have against another company?
From the most general perspective, the bankruptcy is a tool that allows satisfying the debts contracted as a social protection mechanism and a second chance to solve insolvency. In addition, bankruptcy is a mechanism that facilitates the conditions for negotiation between creditors and the debtor submitted to bankruptcy, allowing each creditor to collect their debts on equal terms.
If you are considering getting a divorce, and you do not know how to do it, we invite you to discover one of the most used types of divorce in the daily practice of the Courts: The contentious divorce. What is a contentious divorce? How do you start the contentious divorce proceedings? What pensions can be claimed by contentious divorce? What measures will be agreed after the contentious divorce?
What can the landlord do if the tenant does not pay the rent? What legal procedures exist to claim non-payment of rental income? Does coronavirus exempt from rent payment?
In this article, our lawyers specialized in labor law, will analyze the recent jurisprudence of the judgment of the Social Chamber of the Superior Court of Justice of Castilla y León, where the transfer and change of workplace to a worker who provided their job duties in an office as an administrator.
Unfortunately, economic cycles cause ups and downs at certain times due to an excess of personnel, the cost of which is impossible to maintain, so that many companies can continue to be profitable and competitive with respect to the competition.