A last bankruptcy reform?

Abstract

Law 9/2015, of May 25, seventh reform of the bankruptcy law last year, has come to take further steps in this statement designed to promote the continuity of viable enterprises; for this the legal privileges of creditors trying to adapt to the economic reality is regulated, and ensuring respect for the nature of the collateral.

Also seeks to extend the bankruptcy agreement the same assumptions. On the other hand, measures to ease the transfer of the debtor are taken, because there are still obstacles impeding the sale, then that sale will facilitate the continuity of the business. The same modifications of the fourth additional provision specific to the pre-insolvency proceedings in the pipeline agreement and advance notice adapts to insolvency proceedings Article 5 bis to address practical problems that had been detected in relation to the classification of assets as necessary or not for the continuity of the business, because it depended on the suspension or the unique executions.

This is ultimately to relate aspects reformed by the latter bankruptcy reform, will never be the last.