Methods and standards / Concept Glossary / Abbreviated procedure

Concept selected: Abbreviated procedure

Definition

Procedure that is applied when the debtor is a natural or corporate person that is authorised to present an abbreviated balance and the initial estimate of his or her liabilities does not exceed one million euros.
The abbreviated procedure reduces the deadlines envisaged in the Insolvency Act unless the judge determines the opposite.

Source

Surveys Mercantile Companies and Bankruptcy Proceedings

Topic

Statistical operations

(enlaces al Inventario de Operaciones Estadísticas)

Concepts associated



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