End of bankruptcy shield puts 80,000 companies at risk of dissolution
The moratorium excluding losses from 2020 and 2021 will expire at the end of the fiscal year. The dissolution of Parliament leaves the government with little time to approve a possible extension.
The end of the bankruptcy shield is set to place around 80,000 companies in Spain at risk of dissolution. This situation arises as the moratorium that has excluded losses incurred during 2020 and 2021 is due to expire at the end of the fiscal year.
Economy Minister and Deputy Prime Minister Carlos Cuerpo has highlighted the urgency of the situation, noting that the dissolution of Parliament complicates the government's ability to enact a potential extension of this moratorium.
As the deadline approaches, many businesses are left in uncertainty regarding their financial futures, raising concerns about the broader implications for the Spanish economy.
