Insolvency Law and Second Chance

At Morales & Asociados, we provide specialised advice in Insolvency Proceedings and Corporate Restructuring, supporting companies, business owners, and directors in situations of financial distress or insolvency, with a technical, strategic approach focused on business continuity whenever feasible.

Our team has extensive experience in Insolvency Law, both in pre-insolvency phases and formal insolvency proceedings, representing the interests of debtors and creditors before commercial courts.

Lawyers Specialising in Insolvency Law

Insolvency regulations require a deep and up-to-date knowledge, as well as proper legal and economic planning from the earliest stages of a business crisis.

At Morales & Asociados, we provide comprehensive advice in cases of current or imminent insolvency, analysing each situation to determine the most appropriate solution, whether through restructuring mechanisms or formal insolvency proceedings.

Our goal is to protect our clients’ interests, minimise personal and corporate risks, and ensure strict compliance with legal obligations.

Corporate Restructuring and Pre-Insolvency Advisory

Early detection of financial difficulties often allows companies to avoid insolvency proceedings or to face them under better conditions.

Restructuring and Pre-Insolvency Solutions

• Analysis of the company’s financial and legal situation
• Advice on restructuring plans
• Negotiation with financial and commercial creditors
• Notification of opening negotiations (pre-insolvency)
• Assessment of business viability
• Advice to directors and management bodies

Our firm acts with a preventive and strategic vision, aimed at preserving business activity and reducing directors’ liability.

This advisory is complemented by our Corporate and Commercial Law practice.

Insolvency Proceedings: Advisory and Handling

When insolvency is unavoidable, Morales & Asociados provides full support throughout all phases of the insolvency procedure.

Assistance in Formal Insolvency Proceedings

• Preparation and filing of insolvency petitions
• Defence of the debtor company
• Representation of creditors in insolvency proceedings
• Notification and recognition of claims
• Insolvency agreements
• Company liquidation
• Advice on directors’ liability in insolvency

We act before Commercial Courts, ensuring thorough handling in compliance with current regulations.

Advisory for Directors and Management Bodies

A key aspect in insolvency proceedings is the potential liability of directors, both corporate and personal.

Legal Protection for Directors

• Analysis of risks and legal duties
• Advice in insolvency situations
• Defence in insolvency qualification proceedings
• Assistance in liability actions

Our team provides particularly careful guidance in this area, given the potential personal and financial implications.

Judicial Defence and Insolvency Litigation

Morales & Asociados has experience in insolvency litigation, acting in complex proceedings arising from insolvency cases.

Judicial Proceedings in Insolvency Law

• Insolvency incidents
• Recovery actions
• Challenge of claims
• Appeals before judicial bodies

More information on our litigation practice at Litigation and Dispute Resolution.

A Technical, Strategic, and Confidential Approach

Insolvency advisory requires legal rigor, discretion, and a global business perspective. At Morales & Asociados we provide:

• Individualised analysis of each case
• Strategies tailored to the client’s economic reality
• Direct and confidential communication
• Coordination with other practice areas

Insolvency Proceedings and Corporate Restructuring Advisory

If your company is facing financial difficulties or insolvency, or if you act as a creditor in an insolvency procedure, Morales & Asociados offers a specialised team in Insolvency Law and Corporate Restructuring.

Contact us to request specialised legal advice.

Second Chance (“Segunda Oportunidad”) Procedures

Within the framework of Corporate Law, the firm provides specialised advice on Second Chance procedures, aimed at entrepreneurs and individuals facing insolvency, with a technical and strategic approach focused on achieving legally effective solutions.

The service includes, among others:

• Analysis of the cause of the debtor’s insolvency, whether an entrepreneur or individual
• Definition of the strategic approach for the Second Chance procedure
• Preparation, filing, and monitoring of the procedure before the commercial courts
• Preparation of a payment plan or, where applicable, a liquidation proposal
• Assistance in negotiations with creditors

Our intervention is characterised by comprehensive support throughout the entire procedure, ensuring a rigorous, orderly approach aligned with the client’s interests within the applicable legal framework.