{"id":11499,"date":"2025-10-16T09:13:19","date_gmt":"2025-10-16T09:13:19","guid":{"rendered":"https:\/\/www.keplerkarst.com\/es-el-concurso-sin-masa-una-via-de-escape-para-los-administradores\/"},"modified":"2025-10-16T09:37:04","modified_gmt":"2025-10-16T09:37:04","slug":"is-the-bankruptcy-without-assets-proceeding-a-way-out-for-company-directors","status":"publish","type":"post","link":"https:\/\/www.keplerkarst.com\/en\/is-the-bankruptcy-without-assets-proceeding-a-way-out-for-company-directors\/","title":{"rendered":"Is the \u201cbankruptcy without assets\u201d proceeding a way out for company directors?"},"content":{"rendered":"\n

The bankruptcy without assets procedure, regulated under Spain\u2019s Consolidated Insolvency Act (Royal Legislative Decree 1\/2020), raises a critical issue: what is the scope of directors\u2019 liability when a company lacks sufficient assets to even cover the costs of the insolvency process?<\/p>\n\n\n\n

Originally designed to expedite the liquidation of non-viable companies, this procedure exposes key challenges, limited publicity, narrow timeframes for creditors, and the evidentiary difficulty of proving a causal link between management conduct and unpaid debts.<\/p>\n\n\n\n

As analysed by our associate Ana Carpintero in an article published in El Derecho, Spanish case law makes it clear that a \u201cbankruptcy without assets\u201d does not automatically imply directors\u2019 liability.<\/p>\n\n\n\n

Read the full article here<\/a>.<\/p>\n\n\n\n

Access the Spanish version here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The bankruptcy without assets procedure, regulated under Spain\u2019s Consolidated Insolvency Act (Royal Legislative Decree 1\/2020), raises a critical issue: what is the scope of directors\u2019 liability when a company lacks sufficient assets to even cover the costs of the insolvency process? Originally designed to expedite the liquidation of non-viable companies, this procedure exposes key challenges, […]<\/p>\n","protected":false},"author":1,"featured_media":8347,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":""},"categories":[758,848,864],"tags":[],"acf":[],"yoast_head":"\nIs the \u201cbankruptcy without assets\u201d proceeding a way out for company directors? | Kepler-Karst<\/title>\n<meta name=\"description\" content=\"What is the scope of directors\u2019 liability when a company lacks sufficient assets to even cover the costs of the insolvency process?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.keplerkarst.com\/en\/is-the-bankruptcy-without-assets-proceeding-a-way-out-for-company-directors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is the \u201cbankruptcy without assets\u201d proceeding a way out for company directors? 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