Germany
Maximilianstr. 280539 München
Germany+49 89 4444 373-20
Kanzlei Verbracken & Partner
Insolvency in Spain
Spain’s Segunda Oportunidad offers individuals routes towards debt relief. The appropriate route depends on assets, income and the types of claim.
Payment plan or liquidation
Spanish law distinguishes discharge through a payment plan from discharge following liquidation. A plan generally lasts three years, or five in specified cases, including retention of the habitual home. This is not a guarantee of keeping property: security rights, funding and creditor interests remain relevant.
Not every debt is covered
Article 489 of the Spanish Insolvency Act contains exceptions, including certain maintenance, compensation and public-law debts. Limited special rules apply to certain Spanish tax and social-security claims. German tax debts therefore cannot be assessed solely using Spanish relief limits. Each claim’s origin and legal basis need examination.
Your connection to Spain
For covered EU procedures, international jurisdiction follows the actual centre of main interests. Residence, employment, family, banking and economic activity form part of the overall assessment. We organise the facts and coordinate legal review with the appropriate professionals.
Your situation deserves a clear next step.
We assess your circumstances personally and involve the appropriate professionals for legal and tax questions.