Blog 3

In Portugal, mechanisms aimed at debtors in a difficult economic situation or in imminent insolvency (namely, the special proceedings for revitalization and the special proceedings for a payment agreement) have a marginal use when compared to insolvency proceedings and since 2016 there has been a sharp and steady decline in the number of special proceedings for revitalization issued. Furthermore, the average length of insolvency proceedings largely exceeds 2 years.
  • 1 de Fevereiro, 2021
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