Inklingo

How to Say "bankruptcy proceedings" in Spanish

The Spanish word forbankruptcy proceedingsis concursoC1 level.

English → SpanishC1
nounC1formal
The legal process when a company or person cannot pay debts
A simple illustration showing several standardized formal envelopes being dropped into the slot of a large, secure collection box.

Examples

La empresa se declaró en concurso de acreedores tras la crisis financiera.

The company filed for bankruptcy proceedings after the financial crisis.

El ayuntamiento ha abierto un concurso para la construcción del nuevo puente.

The city council has opened a public tender for the construction of the new bridge.

Legal Phrase

When referring to bankruptcy, always use the full phrase 'concurso de acreedores' (creditors' contest/meeting) or 'declararse en concurso' (to declare bankruptcy).

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