Differences between voluntary and involuntary inso […] Differences between voluntary and involuntary insolvency proceedings.
Day: May 7, 2020
The main conceptual difference between voluntary and involuntary insolvency proceedings is determined by whoever has initiated the proceedings. In this sense, if the application for insolvency proceedings has been made by the debtor itself, it will be considered such a voluntary insolvency proceeding (in Spanish, “Concurso Voluntario”), and the administrative body of the Company will […]
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