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Time of the common phase in a competition of creditors by procedure Spain 2015

The statistics shows the average evolution of the duration of the common phase in a competition of creditors in Spain between 2010 and 2015, according to class of procedure. The data reveal a substantial improvement in the times recorded in the short tenders.

Annual evolution of the average time of the common phase in a competition of creditors in Spain between 2010 and 2015, according to class of procedure

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Source

Release date

June 2016

Region

Spain

Survey time period

2010 - 2015 **

Supplementary notes

* Duration of the procedures from the date of the order of declaration of competition to the date of commencement of the successive phase. The common phase begins with the order of declaration of competition and concludes with the presentation of the report of the insolvency administration and, where appropriate, with the corresponding challenges. During this phase the active and passive masses are delimited. After the common phase, successive phases (agreement or liquidation) are initiated. Home ** Pre-2015 data can be found in previous versions of the yearbook . . Home The source adds that "the statements of competition that have been analyzed correspond to those that have been registered, that is, they are not all existing according to INE statistics", so that the results of the College of Registrars of the Property, Furniture and Merchandise may not match the results of the National Institute of Statistics. The representativeness of sample of documents of declaration of competition analyzed by the College of Registrars for each statistical data can be consulted in the source. Home A bankrupt company is an organizational unit of production of goods and services with a certain autonomy of decision that is declared legally in competition of creditors. The creditors' contest is a legal proceeding that occurs when the debtor can not regularly meet his obligations that he has incurred against a particular creditor. Home The tender dossier may be processed through the ordinary or normal procedure, or through the abbreviated procedure, which applies when the debtor is authorized to present the abridged balance sheet and the initial estimate of its liability does not exceed one million euros .

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