Insolvency and Company Crises

Marino Abogados has over 20 years’ experience in dealing with businesses in serious situations, specifically, bankruptcy and in finding solutions for businesses in crisis.

In the field of business crises, we work together with the company in conflict resolution and prevention before declaring bankruptcy, or in solutions to problems when insolvency already exists or is imminent. In this situation, the secret is in careful planning and the precise execution of the strategy.

In the insolvency area, Marino Abogados is a specialist in both presenting the company’s case and in defending creditors in bankruptcy cases.

The insolvency discipline requires the application of practically every area of law as well as economics. That is why, in these type of cases, all the different departments of our firm work together. The large variety of subjects and legal areas related with company insolvency are described in the following list:

Services for Company crisis resolution:

• Pre insolvency planning: the drawing up of an agreement with creditors to save the company; winding up the business; administrator’s obligations, time limits to file the insolvency claim.
• Filing the insolvency claim in the courts.
• All the legal processes leading to the insolvency proceedings.
• Agreements between partners and administrators to resolve conflicts.

Services for Creditors:

• Recovery of VAT from unpaid invoices.
• Credit defence in court where the insolvency claim was filed.
• Filing the claim against the debtor or debtors ( (debtor insolvency action).
• Business owner responsibility. Legal action aimed at recovering the owner’s personal credit and wealth and that of the administrators and third persons.