Una reforma concursal consecuente: el RDL 11/2014

Abstract

This reform is a step further towards the adaptation of the Insolvency Act to the new circumstances resulting from the great entrepreneurial and economic crisis we are still suffering. It is in line with the premises concerning refinancing stated in Royal Decree 4/2014, as it ensures the continuity of viable enterprises. It confirms the modification of preferential credits adjusting them to their collateral value; allows a carry-over effect for preferential creditors in accordance with their types and gets rid of agreed unanimity in syndicated financing. It extends the number of persons especially related, but enables