28% of companies anticipate that the end of the bankruptcy moratorium will have significant effects on their portfolio, so that bankruptcies among their clients will increase, according to the autumn wave of the Credit Risk Management Study in Spain promoted by Crédito and Surety and Iberinform.

To stop bankruptcy filings during the pandemic, bankruptcy proceedings have experienced an exceptional grace period of 27 months thanks to the bankruptcy moratorium initially decreed in March 2020.

When the third of its extensions expired on June 30, creditors regain their legal capacity to request the bankruptcy declaration of a debtor and businessmen in a situation of insolvency are once again obliged to request the bankruptcy declaration, which anticipates an increase progressive bankruptcy processes.

According to the study, the balance of the bankruptcy moratorium has “its heads and tails.” Thus, while 14% of companies admit that the exceptional period helped their clients overcome liquidity problems during the pandemic, 13% point out that the moratorium limited their ability to detect and manage the possible impact of a situation bankruptcy and the possibility of stopping selling to clients that were not viable.

Likewise, 5% could not urge the bankruptcy of their insolvent clients as a means to try to recover the amounts owed.