{"id":39,"date":"2024-04-30T10:43:44","date_gmt":"2024-04-30T13:43:44","guid":{"rendered":"https:\/\/phadvogados.pt\/?post_type=servico&p=39"},"modified":"2026-04-04T17:37:12","modified_gmt":"2026-04-04T16:37:12","slug":"processos-de-insolvencias","status":"publish","type":"servico","link":"https:\/\/phadvogados.pt\/en\/servico\/processos-de-insolvencias\/","title":{"rendered":"Insolvency Processes"},"content":{"rendered":"

When we talk about insolvency processes, it is important to understand that they can be applied to individuals and companies. There are some differences between both processes; however, our lawyers have experience in both methodologies.<\/p>\n

Insolvency of Individuals<\/strong><\/h3>\n

Personal insolvency is the most suitable path for individuals and families who find themselves unable to meet all their overdue obligations.<\/p>\n

If they are merely in a difficult economic situation or facing imminent insolvency, it is possible to resort to the special process for payment agreement (PEAP).<\/p>\n

In the context of personal insolvency, there are two possible paths: insolvency with discharge of remaining liabilities or insolvency with a payment plan.<\/p>\n

In personal insolvency with discharge of remaining liabilities, the debtor may obtain a forgiveness of debts that are not fully paid during the insolvency process and in the 5 years following its conclusion.<\/p>\n

The aim is, therefore, to grant the debtor a true second chance.fresh start<\/em>to restart their economic life.<\/p>\n

Corporate Insolvency<\/strong><\/h3>\n

There are several parties that can request the insolvency of a company, including its respective creditors, such as: employees, banks, suppliers, the Public Prosecutor representing the Tax Authorities and Social Security...<\/p>\n

Commercial companies (limited liability companies, single-member limited liability companies, and public limited companies) have a legal obligation to file for insolvency<\/p>\n

In fact, from the moment they demonstrate an inability to meet their overdue obligations, managers or administrators have a legal obligation to file their respective companies for insolvency within 30 days.<\/p>\n

This does not apply if the company is merely in a difficult economic situation, in which case it may resort to the special revitalization process (PER).<\/p>\n

Insolvency Processes: How We Can Help<\/strong><\/h2>\n

We have been working with insolvency processes for several years. Therefore, we are particularly specialized in the area of personal insolvency and corporate insolvency<\/p>\n

In this context, some of the services we provide are:<\/p>\n

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  • Special Process for Payment Agreement (PEAP):<\/strong> Through the PEAP, individuals who are in a difficult economic situation or facing imminent insolvency can negotiate with their creditors to create a debt repayment plan.<\/li>\n
  • Special Revitalization Process (PER):<\/strong> The PER consists of an urgent judicial process aimed at enabling negotiation between companies and creditors through a recovery plan that promotes the revitalization of the company and, consequently, the continuity of its activities.<\/li>\n<\/ul>\n

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