Bankruptcy proceedings. Debtors. By legal nature and type of bankruptcy

Bankruptcy proceedings. Debtors. By legal nature and type of bankruptcy Catalonia. 3rd quarter 2018
Year-over-year variation
Value absolute % quarter % accumulated
Bankrupt debtors 302 42 16.2 13.3
By legal nature
individuals without business activity 130 15 13.0 7.8
companies declared bankrupt 172 27 18.6 17.1
By type of bankruptcy
voluntary 299 46 18.2 15.1
necessary 3 -4 -57.1 -38.2
Units: Number.
Source: INE. Bankruptcy proceedings statistics.
Provisional data from the first quarter of 2018.
Bankruptcy proceedings. Debtors. By legal nature and type of bankruptcy Spain. 3rd quarter 2018
Year-over-year variation
Value absolute % quarter % accumulated
Bankrupt debtors 1,079 -57 -5.0 -1.4
By legal nature
individuals without business activity 301 -28 -8.5 1.8
companies declared bankrupt 778 -29 -3.6 -2.6
By type of bankruptcy
voluntary 1,002 -74 -6.9 -1.0
necessary 77 17 28.3 -7.9
Units: Number.
Source: INE. Bankruptcy proceedings statistics.
Provisional data from the first quarter of 2018.

Date published: November 6, 2018.

Methodological note

The statistics for bankruptcy proceedings drawn up by the INE replace the suspension of payments and bankruptcy declaration statistics, as the Insolvency (Reform) Organic Act 8/2003 and the Insolvency Act 22/2003 came into force on 1 September 2004.

The purpose of these statistics is to provide quarterly information about the number of insolvent debtors by legal status and type of bankruptcy (voluntary or necessaryy).

These statistics are drawn up based on the information provided by a sample of courts across Spain in questionnaires in which they are asked about the characteristics of declared insolvencies.

Bankruptcy proceedings admitted/filed: proceedings filed by the debtor or the creditor of this debtor in the event of the insolvency of the company or a financial position in which the debtor's obligations cannot be regularly met.

Voluntary bankruptcy: bankruptcy in which the application is filed by the debtor within the two months following the date on which their state of insolvency became known.

Necessary bankruptcy: bankruptcy in which the application is filed by any of the debtor's creditors and which specifies the origin of the credit, its type, amount, acquisition date and maturity.

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