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Why collaborate with us?
We maximise the value of assets to better satisfy creditors' claims.
We carry out liquidation operations in the shortest possible time in order to avoid the deterioration of the value of the assets.
We guarantee maximum transparency throughout the settlement process.
What services do we provide?
Pre-bankruptcy proceedings art. 583.1 of the TRLC
Divestment of non-strategic assets: Sale to third parties or outright purchase of assets not needed by the company once it has been resized by eliminating specific lines of business or activity, thus allowing the company to continue. This intervention provides the company with liquidity to meet vital needs such as salaries, social and tax obligations and suppliers.
Total divestment through an orderly closure of the company with the management of the sale or outright purchase of all the company's assets.
Procedures regulated in art. 583.1 of the TRLC
We support professionals (lawyers and economists) in the search for solutions for companies through divestment instruments, new investors and other possibilities that avoid the final filing for insolvency proceedings.
Procedures regulated in articles 690 et seq. of the TRLC. The adaptation of the TRLC to the Community Directives has led to the creation of a special insolvency procedure for so-called micro-companies which is regulated in Book Three of the new TRLC. In the aspects relating to the pre-bankruptcy institutes and the possibility of disposal of certain assets, this process is basically the same as that set out in articles 583 et seq. with regard to the rest of the entities that can benefit from the common procedure and therefore, in this special procedure, we can also intervene to give the assets to be realised the highest possible profitability.
Bankruptcy proceedings declared by the Courts
We manage the entire procedure for the sale or liquidation of assets, both in the Common Phase, article 204 et seq. of the TRLC, when the needs of the insolvency proceedings require sales in this phase, and the strict liquidation procedure, article 406 et seq. of the TRLC, by designation as a specialised company by the insolvency administrators who have entrusted us with the management of the entire procedure. et seq. of the TRLC, through appointment as a specialised company by the insolvency administrators who have placed their trust in our management, as we take charge of the entire procedure from the commission with the location of the assets, inventory, appraisal, maintenance, security, etc. until the culmination of the sale and payment of the price to the insolvency proceedings, and this both through direct sale procedures and using a notarially certified online auction.
We can intervene in the so-called ‘Counterclaim’, which was introduced for a limited period in one of the reforms of the Insolvency Act and has again been implemented in Art. 8 of Royal Decree 16/2020 on urgent measures issued as a result of COVID-19, being able to advise professionals on investment or disinvestment projects of their clients that are necessary to enable creditors to accept a reformulation of the agreement in the compliance phase but with the prospect that it cannot be met, thus avoiding an effective breach and the opening of the dreaded liquidation.
How do we work?
Full access to the web portal and auction platform
This is where all the bids are collected and the record can be extracted with details of bidders, the date and time of the bid and the amount bid. The IAG software/platform guarantees the impossibility of any user to alter the bidding register from the moment the auction starts.
Real-time auctions
Both insolvency administrators and judges/judges/law clerks of the court will be able to securely access our website to monitor the process in real time.
Reliable communications and/or certifications
If requested to do so, the formalities carried out for the disposal, including the specific details of the auctions held, shall be certified, even with the intervention of a notary public.
Legal certainty and transparency
This is one of the basic principles of the functioning of the IAG system as a specialised entity, as it is intended to provide the entire procedure with the maximum legal and technical guarantees as regards the correct functioning of all those involved.