Notice of negotiations
We halt enforcement actions while we negotiate with creditors.
Business restructuring and pre-insolvency in Valencia
There is life before insolvency. We negotiate with your creditors and design restructuring plans so your business regains its balance.
02 — Business restructuring
The best restructuring is the one that comes in time. When the first missed payments appear on the horizon, there is still room to negotiate, protect the business and decide calmly.
Restructuring plan
We reorganise debt, terms and structure so the business is viable.
Refinancing
We negotiate new payment terms with banks and suppliers.
01 — When
When should you restructure?
The 2022 insolvency reform allows businesses to act before insolvency. You can start a restructuring when insolvency is likely —it is foreseeable that, without a plan, you will not be able to pay debts falling due over the next two years—, when it is imminent, or even when it is already current.
Warning signs include recurring cash-flow strain, debts that are refinanced again and again, losses eating into equity or a major client who stops paying.
02 — Protection
Notice of negotiations with creditors
Formerly known as “pre-insolvency”. Notifying the court that you are negotiating with your creditors gives you a temporary shield: for three months, extendable by another three, enforcement against assets needed for your business is suspended and the duty to file for insolvency is put on hold.
It is time to negotiate calmly, with the business still running.
03 — The plan
Restructuring plans
A restructuring plan can change the terms, amounts and conditions of debt, convert debt into equity, sell business units or reorganise the company. Creditors vote in classes and, once the court approves the plan, it can also bind those who did not support it.
- Debt reduction or rescheduling.
- New financing with legal protection.
- Sale of assets or business units.
- Changes to the corporate structure.
04 — Small businesses
Micro-businesses and the self-employed
Businesses with fewer than 10 employees can use a special, faster and cheaper procedure to agree a continuation plan with creditors. We help you choose the best route: negotiation, a restructuring plan or insolvency proceedings.
How we work
One method for every case: listen, understand the numbers and choose the route that protects what you have built.
- 01
Financial diagnosis
We analyse cash flow, debt and business viability.
- 02
Strategy
We define the route and, where appropriate, notify the court of negotiations.
- 03
Negotiation and plan
We negotiate with creditors and prepare the plan for court approval.
- 04
Follow-up
We stay with you while the plan is carried out.
FAQ
Frequently asked questions
Can’t find your question? In a first conversation, free of charge, we answer your questions about your specific case.
Restructuring is negotiated before or at the start of insolvency, with the business still running and less court involvement. Insolvency proceedings are a full court procedure with an insolvency administrator. Whenever possible, we aim to act early enough for the first route.
Yes. Once negotiations are notified, enforcement against assets needed for the business is suspended for three months, extendable by another three, subject to the exceptions set out in the law.
No. Creditors vote in classes and, once the court approves the plan, it can be extended to those who voted against it if the legal requirements are met.
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Timing matters
Acting in time changes everything.
Businesses tend to file for insolvency only when the situation is already unsustainable. But acting early —through insolvency or a restructuring plan— can make the difference between restructuring and liquidating. And failing to act in time can put directors’ personal assets at risk.