AI specialized in Spanish Insolvency Law
Insolvency law capabilities
Updated insolvency case law
Access Supreme Court rulings and Commercial Court decisions on credit classification, clawback actions (Arts. 226-232 TRLC), rescission and culpability sections.
Second chance: Law 16/2022
Complete analysis of the reformed second chance mechanism: restructuring plan, out-of-court payment agreement and discharge of unsatisfied liabilities (BEPI).
Assets and creditor hierarchy
Credit classification (special/general privilege, ordinary, subordinate), active estate, against-the-estate credits and payment order under Arts. 269-281 TRLC.
Culpability section
Analysis of the culpability section (Arts. 441-461 TRLC): culpable vs. fortuitous insolvency, accomplices, director disqualification and concurrent liability.
Insolvency administration
Duties, functions and liability of insolvency administrators. Administration report, final texts and challenges. Arts. 60-124 TRLC.
Restructuring plans
Post-Directive 2019/1023 framework (transposed by Law 16/2022): pre-insolvency restructuring plans, approval, cramdown of dissenting creditors and class voting.
Common use cases
- Draft the insolvency administrator's report with classified creditor analysis
- Prepare opposition to a composition plan with quorum adhesion analysis
- Analyze the viability of a clawback action for estate-prejudicial acts
- Draft the restructuring plan with cramdown provisions
- Study discharge of unsatisfied liabilities for individual insolvency
- Search case law on corporate director liability in insolvency proceedings
Indexed legislation
RDL 1/2020: Texto Refundido Ley Concursal (TRLC)
Main insolvency act. Proceedings, composition, liquidation, culpability.
Ley 16/2022: Reforma Concursal
Transposes EU Directive 2019/1023. Restructuring plans, second chance.
Ley 22/2003 (derogada, referencia)
Original Insolvency Act. Relevant for pre-2020 proceedings.
Directiva 2019/1023/UE
Preventive restructuring frameworks, discharge of debts, efficiency measures.
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