Legal notice

In compliance with the provisions of Law 34/2002, of July 11, on services of the information society and electronic commerce, users of this website are informed of the following details of the owner:
Owner: ASO CORPORATE LAW FIRM SCCL
NIF (Tax ID): F05381157
Registered office: RONDA DE L'EST 46, 08210 BARBERÀ DEL VALLÈS, Barcelona, Spain
Contact email: [hello@asocorporate.com]
Contact telephone: [937185021 - 622642468]
Domain name: [www.asocorporate.com]

1. Regulated profession
ASO CORPORATE LAW FIRM SCCL carries out professional activities specific to the legal and/or advisory fields. In the case of provision of services subject to compulsory registration or a regulated profession.
Professional association: ICA Sabadell, ICA Barcelona, COGAC, and Graduados Sociales de Barcelona.

2. Purpose
The purpose of this website is to provide information about ASO CORPORATE LAW FIRM SCCL, its practice areas, its legal and advisory services, as well as to offer contact channels for users, clients, and potential clients.
3. Terms of use
Accessing and browsing this website attributes the status of user and implies acceptance of these terms of use.
The user agrees to use the website, its contents, and services in accordance with the law, good faith, public order, and these terms. It is forbidden to use the website for illegal or harmful purposes against ASO CORPORATE LAW FIRM SCCL or third parties, or which may cause damage or prevent the normal operation of the website.

4. Intellectual and industrial property
All the contents of the website, including, but not limited to, texts, images, designs, logos, trademarks, structure, software, and other elements, are owned by ASO CORPORATE LAW FIRM SCCL or it holds sufficient rights for their use, and they are protected by the applicable regulations on intellectual and industrial property.
Any reproduction, distribution, public communication, transformation, making available, or any other form of exploitation, in whole or in part, is prohibited without the prior and express authorization of the owner, except in legally permitted cases.

5. Liability
ASO CORPORATE LAW FIRM SCCL does not guarantee the absence of errors in the contents of the website, nor that they are permanently updated, although it will take reasonable measures to avoid, and if necessary, correct or update them.
ASO CORPORATE LAW FIRM SCCL is not responsible for:

• damages or losses arising from interferences, interruptions, faults, disconnections, or system outages;
• damages that may derive from the use of the website by users in a manner contrary to the law or these terms;
• linked content of third parties over which it has no effective control.

6. Links
In the event that this website includes links to third-party pages, ASO CORPORATE LAW FIRM SCCL assumes no responsibility for the contents, policies, practices, or conditions of such external sites.

7. Personal data protection
The processing of personal data collected through this website will be governed by the provisions of the Privacy Policy, which the user can consult in the corresponding section.

8. Cookies
This website uses its own and/or third-party cookies. The user can consult all information related to their use in the Cookies Policy.

9. Applicable legislation and jurisdiction
These terms shall be governed by Spanish legislation.
For any disputes that may arise from accessing, browsing, or using this website, the parties shall submit to the Courts and Tribunals that are competent in accordance with the applicable regulations.

When a company enters financial distress, the worst moment is almost never the first unpaid debt. The worst mistake is usually reacting too late.
Because in a situation of insolvency or pre-insolvency, every week without a strategy worsens the position of the company, the creditors, the shareholders, and, in many cases, also the directors.

Here we help you do something very specific: identify your real position early and choose the right path. Sometimes that means restructuring and opening negotiations. Sometimes it means insolvency proceedings. Sometimes it means protecting a creditor’s position before the value disappears.

Not every business crisis is resolved in the same way

Some companies can still be reorganised. Others are already in a situation of actual insolvency. And others are trying to hold on when, legally, a different decision should have been taken weeks earlier.
The Spanish Insolvency Act distinguishes between actual insolvency and imminent insolvency. A debtor is in actual insolvency when it cannot regularly meet its due obligations, and in imminent insolvency when it foresees that, within the following three months, it will be unable to meet its obligations regularly and on time.
In addition, the law imposes on the debtor the obligation to file for insolvency proceedings within two months from the date on which it became aware, or should have become aware, of the state of actual insolvency.

Vull saber si la meva empresa s'ha de concursar

Restructuring before insolvency proceedings: acting early changes the outcome significantly

The insolvency reform clearly strengthened the logic of early restructuring.
In situations of likely insolvency or imminent insolvency, the debtor may notify the competent court that negotiations with creditors exist — or that they will begin immediately — in order to reach a restructuring plan capable of overcoming the situation.
This is not just a formality. If properly structured, it can give you time to reorganise debt, negotiate positions, protect value, and prevent the company from entering insolvency proceedings under far worse conditions.

I want to open negotiations with creditors

Voluntary insolvency, compulsory insolvency, and creditor defence

Sometimes the company itself must take the step. And other times, the move has to come from the creditor.
The Spanish Insolvency Act allows a creditor to apply for the declaration of insolvency proceedings, provided that the application identifies the origin, nature, amount, dates, and current status of the debt, includes supporting documentation, and is based on external facts evidencing insolvency. The law also requires the applicant to indicate the means of proof and makes clear that witness testimony alone is not sufficient.
This is especially useful for:

• significant creditors who see the debtor’s position deteriorating;
• companies with major unpaid invoices;
• suppliers or financial partners who need to react before the value disappears.

Sóc creditor i vull actuar

What we review in a company in crisis

Here, it is not enough to simply “check whether there are debts”. We need to review:

• the real level of liabilities;
• critical creditors;
• cash flow and liquidity;
• guarantees and security interests;
• business continuity risks;
• exposure of shareholders and directors;
• room for restructuring;
• the viability of voluntary insolvency proceedings;
• and the consequences of continuing to wait.

Because poor management of a crisis does not only harm the company. It can end up opening other fronts as well.

How we handle insolvency and pre-insolvency situations

1. We identify your real position
Pre-insolvency, imminent insolvency, actual insolvency, or a temporary liquidity problem.

2. We assess the real room for manoeuvre
Not every business can be saved. But not everything is lost when the first unpaid debt appears.

3. We design the strategy
Negotiations, court notification, restructuring plan, preparation for insolvency proceedings, or creditor defence.

4. We protect your position
Company, shareholder, director, or creditor: each requires a different strategy.

5. We think about what comes next
Business continuity, sale process, orderly closure, defence against liability claims, or future director exposure.

What documentation we need

If you already have it, it is useful to gather:

• annual accounts and basic financial information;
• list of creditors and outstanding debts;
• key contracts;
• immediate payment deadlines and maturities;
• court notices or communications from creditors;
• guarantees, personal guarantees, or liabilities assumed;
• banking documentation;
• and any communication reflecting default, financial tension, or ongoing negotiations.

If you do not have everything, that is not a problem. We will tell you what is genuinely necessary to make a serious decision.

If your company is entering a crisis, it’s better to act one month early than one month late.

In insolvency and restructuring matters, timing can make a significant difference to the outcome.
If your company is under financial pressure, or if you are a creditor of a distressed business, we help you act strategically and stay in control.

Request an initial insolvency assessment.