WHY COMPANIES WILL NOT TALK ABOUT BANKRUPTCY. LAWYERS, ECONOMISTS ALSO EXPERTS, IN ZARAGOZA, IN SPAIN.
There are currently a huge amount of business likely to come into a bankruptcy.
Enter a bankruptcy means for companies to substantially improve its liquidity, stop the executions, can revive the company, help save the responsibilities of the partners, and ultimately, become paralyzed and earlier payments are deferred in time to pay former providers, allowing waivers and guaranteed in the future.
Conversely, failure to call the contest when they meet the objective conditions have dire consequences, among which are that they are creditors who urge the contest with a loss of control of the company, the possible presumption of guilt and the threat of personal liability of officers and members could respond with their own personal wealth.
However, there is a big problem. Companies, through ignorance and not wanting to admit error (error usually be of the crisis and not the employer), see this as a social stigma as bankruptcy. To this is attached to the high costs of the process that many firms typically charge of ignorance, which is incompatible with their large liquidity problems.
These companies in crisis show a very passive attitude in how to proceed, which means that they are requesting the services of economists and lawyers to manage their problem. The communication channels of the offices do not usually work because there is no good word of mouth or the prestige of certain consulting firms or law on a topic that usually do not know.
What no one has thought so far that bankruptcy is a good opportunity for the bailout of the company and may be a new opportunity to revive the company and may be cheap, or can be financed. So by initiating negotiations with suppliers, banks and other creditors with the prospect of a voluntary bankruptcy creditors may be:
-Restructuring of debt.
From Arriaga Associates, with his team of economists and lawyers in the legal areas of insolvency, refinancing and business plans, can accompany the company to achieve these objectives. Arriaga Associates In two departments working together, the bankruptcy section and section SMEs with experience in this matter.
In Arriaga Associates can pose a help, advice and consultancy to achieve these goals without imposing a cash advance no previous or on results that are not achieved.
In Arriaga Associates can finance a bankruptcy proceeding or workouts for resources and, ultimately, if possible, save the company. Will not be the first to do so.
To learn how we can help call (0034) 902 090381, complete the contact form or send an email to arriaga.abogado @ gmail.com
Jes√ļs Mar√≠a Ruiz de Arriaga