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FIRST STAGES OF THE BANKRUPTCY PROCEDURE: ANALYSIS OF THE BANKRUPTCY ADMINISTRATORS REPORT

Por Redacción MCHM Abogados / 20 de marzo de 2025

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📎 First Stages of the Bankruptcy Procedure: Analysis of the Bankruptcy Administrator`s Report
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📜 The Common Phase of the Payment Order Procedure: Inventory and List of Creditors
1️⃣ Start and Objectives: The common phase begins with the admission of the bankruptcy application by the judge, whose main objective is to analyze the debtor`s financial situation and control their assets to ensure the collection of credits.
2️⃣ Report by the Bankruptcy Administrator: The bankruptcy administrator prepares a detailed report that includes a historical and legal summary, an inspection of the accounting, and an asset assessment of the debtor.
3️⃣ Inventory of the Active Assets: This inventory covers all the debtor`s assets and rights, detailing both tangible and intangible assets, and specifying any pending litigation related to these assets.
4️⃣ List of Creditors and Classification of Credits: The list of creditors identifies and classifies credits into those against the estate (generated after the bankruptcy declaration) and bankruptcy credits (existing before the declaration), subdivided into privileged, ordinary, and subordinated.

🔗📚 Link to the full article: https://www.mchmabogados.es/blog-mchmabogados/articulo/bankruptcy-law/1737/the-common-phase-of-the-bankruptcy-procedure-keys-to-the-inventory-and-list-of-creditors

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⚓️ Bankruptcy procedure, common phase, inventory, list of creditors, bankruptcy administrator, active assets, bankruptcy credits, bankruptcy procedure, debtor`s assets, classification of credits.

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