The Commercial Court No. 13 of Madrid in a bankruptcy of an entity with thousands of workers has just resolved, finally, that without financing the bankrupt, despite having customer invoices, will not have cash to pay to workers, AEAT, TGSS ... immediately requiring the banking entity to fulfill its contractual obligations derived from the factoring line, which allowed the advance of dates.
It is therefore a fair and balanced solution, that the advance of invoices that are paid on a longer term than the short-term obligations of the bankrupt itself is maintained.
If that were the case in all competitions, there would undoubtedly be fewer companies in liquidation and / or liquidated.
PAJARES & ASSOCIATES ATTORNEYS