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President of the Audiencia Provincial de Murcia, Andrew Pacheco, has spoken today in the UCAM on bankruptcy (08/09/2011)

"In a procedure where you have to do is to save costs, spare today who is the creditor."

This forceful has shown the president of the Audiencia Provincial de Murcia, Andrew Pacheco, during the conference that has given this morning at the Universidad Católica San Antonio de Murcia (UCAM), and in which he has lectured on 'Reforms needed in bankruptcy matters. "

At the conference have also been involved in a round table, the dean of the College of Graduates Mercantile Murcia, Jose Vidal, the dean of the College of Economists of the Region of Murcia, Ramón Madrid and the dean of the Illustrious Bar Murcia, Francisco Martínez-Escribano.

The president of the Audiencia Provincial de Murcia has ensured that the procedure by which bankruptcy arises, whose body is made by a lawyer, an auditor and a creditor of a crisis situation the company can not afford creditors and go to court to resolve your situation.

Similarly, stressed the enormous application that is having the bankruptcy law "given the situation that there is crisis," he qualified, and added that "the bankruptcy proceedings have increased enormously, even in Murcia is already operating three courts the commercial. "

Meanwhile, the dean of the College of Economists of the Region of Murcia, Ramón Madrid, has clarified that it is carrying out a technical committee meeting in order to change the current bankruptcy law.

"But I would not put much hope in the new law, because in principle not dazzle nothing new about what the professionals wanted to cover, above all, make it viable for companies in crisis. More than 90% of companies are going to bankruptcy settlement agreement will not, "said Madrid, who also stressed that alternatives must go through court settlements, refinance," because companies can not operate without liquidity, "he assured.

Source: UCAM

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