Detecting whether a company has entered insolvency proceedings can be crucial to making informed decisions as an investor, supplier, worker or consumer. The increase in insolvencies in certain sectors in recent months - such as construction, retail and technology start-ups - has put the spotlight on the need for reliable public information on the financial health of companies.<\/p>\n\n\n\n
When a company is unable to pay its debts and enters into a debt distress insolvency situation<\/strong>, may apply for (or be obliged to apply for) court proceedings for insolvency proceedings<\/strong>. This process seeks to protect the value of the company and establish a payment order for its debts, either through a restructuring plan or liquidation. We tell you when a company can file for insolvency proceedings<\/a>.<\/p>\n\n\n\n It is the most reliable official and free source.<\/p>\n\n\n\n Any declaration of bankruptcy is published by law in the BOE.<\/p>\n\n\n\n You can also apply for a nota simple at the Mercantile Register of the province where the company has its registered office.<\/p>\n\n\n\n Websites such as eInforma, Infoempresa or Axesor offer detailed business information, although they are fee-based.<\/p>\n\n\n\n If you are supplier, creditor or worker<\/strong>, These are the key steps:<\/p>\n\n\n\n Having a specialised law firm is key to protecting your rights in the event of bankruptcy or pre-bankruptcy. At Mart\u00ednez Sanz Lawyers<\/strong>, experts in commercial law<\/a> and bankruptcy proceedings, they offer comprehensive advice for affected companies and self-employed persons.<\/p>\n\n\n\n More information:<\/p>\n\n\n\nHow do I know if a company is in insolvency proceedings?<\/strong><\/h3>\n\n\n\n
1. Consult the Public Register of Insolvency<\/strong><\/h4>\n\n\n\n
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4. Private business reporting platforms<\/strong><\/h4>\n\n\n\n
5. Indirect warning signs<\/strong><\/h4>\n\n\n\n
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<\/strong><\/li>\n\n\n\nWhere to get legal advice on insolvency?<\/strong><\/h3>\n\n\n\n