Article 5 of the Bankruptcy Law

The moratorium on judicial executions of the goods necessary for the continuation of the professional or business activity of the debtor.

The Royal Decree-Law 4/2014, of the 7th of March, adopted urgently in terms of refinancing and restructuring of corporate debt introduces the modification of article 5 of the law 22/2003, from July the 9th, on bankruptcy. The aforesaid article was created by the law 38/2011, of the 10th of October, reform of bankruptcy law…