The latest reform of the Spanish Insolvency Act develops the regulations on pre-bankruptcy situations with the goal of developing extrajudicial alternatives to insolvency proceedings. Nevertheless, the reform fails to include one proposal that we consider essential for better achieving that objective: the temporary suspension of individual executions in the pre-bankruptcy stage, which starts with the communication of article 5bis of the Spanish Insolvency Act. This paper analyses the consequences of that omission and explains the justification for its inclusion in any future amendment of the Spanish Insolvency Act. [ABSTRACT FROM AUTHOR]
Published
2012
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