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Time between beginning and end in bankruptcy by procedure Spain 2015

The statistics shows the annual evolution of the average time between the start of the procedure and its conclusion in a bankruptcy proceeding in Spain between 2010 and 2015, according to the type of procedure. In 2015, bankruptcy proceedings were delayed between 520 and 483 days, average abbreviated and ordinary procedures, respectively.

Annual evolution of the average time between the start of the procedure and its conclusion in a bankruptcy proceeding in Spain between 2010 and 2015, by type of procedure

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Source

Release date

June 2016

Region

Spain

Survey time period

2010 - 2015 **

Special properties

excludes openings with a conclusion due to lack of assets

Supplementary notes

* Competitions after Royal Decree-law 3/2009, of March 27, on urgent measures in tax, financial and insolvency matters in light of the evolution of the economic situation.

** Data prior to 2015 can be found in previous versions of the yearbook . Home The source adds that "the records of the competition that have been analyzed correspond to those that have been registered, that is, they are not all existing according to the statistics of the INE", so that the results of the College of Registrars of the Property, Movable and Commercial Property may not coincide with the results of the National Institute of Statistics. The representativeness of the sample of contest declaration cars analyzed by the College of Registrars for each statistical data can be consulted at the source. Home A bankrupt company is an organizational unit for the production of goods and services with a certain autonomy of decision that is declared legally in bankruptcy. 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 file can be processed through the ordinary or normal procedure, or through the abbreviated procedure, which is applied when the debtor is authorized to present the abbreviated balance and the initial estimate of its liabilities does not exceed one million euros .

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