SPAIN: The judicial insolvencies in Spain are located in … – EntornoInteligente

ABC of Spain 2 / In the first three months of 2015 there have been a total of 1,218 new bankruptcy proceedings, as seen from the monitoring of court insolvencies in Spain performs the risk management area Credit and Surety from the data published in the Official Gazette. The number of bankruptcy proceedings registered in this period is a year decrease of 22% compared to those recorded in the previous quarter.

In its forecast issued a few weeks ago, the leading insurer of credit insurance in Spain and predicted that in Spain the number of insolvencies could be reduced in 2015 at around 20%. However, Credit and Surety recalled that, despite this strong performance, insolvency environment remains fragile and complicated, marked by overcapacity and inactivity of the economy. The levels are similar to 2009, but the number of bankruptcies even quadruple the pre-crisis figures.

The figure confirms the good performance of the concursalidad, launched last six quarters. In the whole of 2013 the number of bankruptcy proceedings stood close to 10,000, a figure that marked the historical high of court insolvencies in Spain. However, the fourth quarter and showed a better performance than the previous three, reaching values ​​close to zero growth. Data for 2014, down from 7,000 cases, consolidated an improvement driven by the economic recovery of the Spanish economy.

The corporate failures have faithfully reflected the economic conditions since 2008, with significant annual increases of 100 % in 2008 and 50% in 2009. After a year decline in 2010, bankruptcies increased again in 2011, 2012 and 2013, mainly due to falling domestic demand and the high overall pressure on the liquidity of companies, by their limited options for external funding.

The provision of credit and suretyship is that the trend of improvement was maintained in 2015 but still far from the levels before the crisis, where it was customary to record a thousand cases annually. Insolvency levels in the coming years will pose many difficulties for business. This is a new, more global and complex environment, where the assurance of business operations is a strategic alternative for companies.

Information ABC of Spain 2