Connect with us

Costa Blanca

In 2024, the number of bankruptcy cases involving individuals and independent contractors rose by 120%

Bankruptcy

The Registry of Forensic Economists (Refor) of the General Council of Economists showed that bankruptcy proceedings for people and self-employed workers increased by 120% to 35,510 in 2024, while those for businesses increased by 23% to 5,589 in the same year.

The Economists point out in a note that of the 41,099 bankruptcies that occurred in 2024, 86% of them were of individuals or self-employed people, significantly more than those of businesses, which accounted for 14%.

According to the College of Economists’ analysis of last year’s data, 84% of bankruptcy proceedings involve no assets, indicating that the excessive debt is already unsustainable because there are no assets to face the bankruptcy and liquidation is required. This suggests that bankruptcy proceedings are being used when it is already too late.

Despite a 7% increase in procedures implementing restructuring plans in January of this year, this mechanism “has not yet taken off in our country” because, in 2024, there will be 334 restructuring plans, which is 2% fewer than the 341 in 2023.

When comparing Spain’s figures to those of other nations in our region, we find that bankruptcies have increased in nearly every instance: in Germany, France, Italy, Spain, Portugal, and France, they have increased by 23.7%, 17.5%, 13.3%, and 7.29%, respectively, while in the UK, they have reduced by 5%.

Advertisement

Competitions’ development since before the epidemic


According to economists who have examined data on bankruptcies since 2019, prior to the coronavirus epidemic, company bankruptcies have increased by 38% and individual and self-employed worker bankruptcies by 1,300%, meaning that they have essentially multiplied by 14.

Refor suggests that the use of second chance procedures may be the cause of the little increase in bankruptcies.

Between 2023 and 2024, the number of micro-enterprise electronic processes tripled, from 463 to 1,380.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Costa Blanca

A man who defrauded his ex-partner of 8,700 euros arrested in Alicante

Police National

According to a statement from Police Headquarters, a 57-year-old man in the town of Alicante was arrested by National Police officers on suspicion of opening an account in his ex-partner’s name on a popular online e-commerce platform and making 8,700 euros in purchases without paying for them.

After a woman complained that she had been duped by a reputable online e-commerce platform after receiving many letters demanding payment for multiple orders that totalled over 8,700 euros, the inquiry got underway.

The victim said that because she had not made any purchases or registered for an account on the platform, she was unable to identify these orders as her own.

Investigators were able to identify the suspected fraudster—a man the victim had previously had a romantic relationship with—after examining all of the victim’s submitted papers and gathering a number of pertinent pieces of information.

According to the same sources, the agents’ investigations revealed that the suspect, who is of Spanish descent, created an account using his ex-partner’s personal information, provided false bank information, and designated his own house as the delivery address for the shipments.

Advertisement

All of the purchases would have been done by the same individual because the investigators were positive that the user and creator of the account on the popular platform was the subject of the inquiry. After being recognised, he was found and taken into custody on suspicion of fraud and document fabrication.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Costa Blanca

Cheap OUIGO train tickets go on sale on Thursday

OUIGO

The business is offering tickets starting at €9 on March 6 for a summer trip between Madrid, Valladolid, and the Levante peninsula’s Valencia, Alicante, and Murcia, with stops at Elche, Cuenca, Albacete, and Segovia in between.

Tickets prices for high-speed travel start at €9 and are available on the OUIGO website https://www.ouigo.com/es/ and app. March 3, 2025, Madrid. OUIGO, the operator of high-speed trains, is aware that some possibilities are too good to pass up.


For this reason, it is starting to sell tickets for travel between June 30 and September 14 on its routes between Madrid, Valladolid, and its destinations in the Levante at just €9 on March 6 at 12:00 p.m.

Since it’s never been so simple to travel swiftly, comfortably, and affordably, these business destinations will be closer than ever this summer, allowing you to plan ahead for those ideal vacations with friends, family, or alone. Children under three years old travel free of charge, provided they are accompanied by an adult. From a tapas tour in Alicante to a sunset on Valencia’s Malvarrosa beach, to the ancient beauty of Murcia or the wine of Valladolid. OUIGO offers visitors three unique experiences this summer: the heritage of Castilian cities like Segovia, the Mediterranean spirit of the Levantine coast, and the customs of Albacete, Elche, and Cuenca.

The problem is that you can plan the trip today, so why wait until tomorrow? Nearer than before: High-speed connections between Madrid, Valladolid, Valencia, Alicante, and Murcia There will be 20 daily connections available to travellers, ensuring comfort and flexibility. Four trips will depart at 7:15 a.m., 11:15 a.m., 1:15 p.m., and 5:15 p.m. in each way between Madrid and Valencia, and at 7:27 a.m., 10:27 a.m., 5:28 p.m., and 8:27 p.m. in the other route. The train will leave Alicante at 2:00 pm and 6:00 pm, and passengers will have two trips between Madrid and Alicante, with a stop in Albacete, at 10:15 am and 8:15 pm. There will also be two additional routes between Madrid and Murcia that stop at Albacete and Elche. These routes will depart at 8:15 a.m. and 4:15 p.m. and return at 12:39 p.m. and 8:39 p.m. Lastly, a round-trip service has been added to the Valladolid-Valencia routes, which depart at 8:00 p.m. and return at 2:51 p.m. with stops in Cuenca, Madrid, and Segovia; the Valladolid-Alicante routes, which depart at 1:00 p.m. and return at 7:53 a.m., with stops in Segovia, Madrid, Cuenca, and Albacete.

Advertisement

Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Costa Blanca

Welsh icon Tom Jones will be performing on August 13th in Alicante

Tom Jones

Tom Jones continues to prove that his voice and magnetism are unstoppable, as seen by his more than 60-year career, more than 100 million recordings sold, and a repertoire that has left its stamp on music history. Hits like What’s New Pussycat?, Delilah, and It’s Not Unusual have stood the test of time, and his most recent compositions have won universal praise from critics.


The 84-year-old British performer is still a major player in the business and tours the world. He became the oldest musician to have an album of new material debut at number one in the UK charts with his most recent album, Surrounded By Time.

Alicante will get ready to receive one of the greatest musical giants on August 13th. As part of the Alicante Goldest concert series, Tom Jones will play at the Alicante Bullring. Fans of live music should not miss the Alicante concert, which offers a rare chance to hear one of the finest voices in history.


Discover more from Costa Blanca Daily

Subscribe to get the latest posts sent to your email.

Continue Reading

Adverts

Events Calendar

Mon
Tue
Wed
Thu
Fri
Sat
Sun
M
T
W
T
F
S
S
30
1
2
3
5
7
8
11
13
15
16
17
18
20
21
22
24
25
26
27
28
29
30
31
1
2
3
Madness in Concert in Barcelona
July 4, 2025    
19:00 - 22:00
Madness live in concert in Barcelona on Friday, 4th July at the Poble Espanyol, Barcelona. Doors open at 1900hrs
Madness in Concert in Seville
July 6, 2025    
22:30
Are you ready to be taken back to the 70s and 80s with the help of the very popular English band and their mischievous sense [...]
Duran Duran in Marbella
July 9, 2025    
20:00 - 23:00
Duran Duran live in concert Wednesday 9 July at the Starlight Auditorium, Marbella Doors open 8pm  
Guns N' Roses in Concert in Barcelona
July 9, 2025    
20:30 - 22:00
Rock and roll band Guns N' Roses have announced their only concert in Spain for June 2025. The strong rock band will come back to [...]
Europe in Concert in Murcia
July 10, 2025    
19:30 - 22:30
Europe in Concert 10 July 2025 at the Murcia Bullring, Murcia Doors open 19.30
AC DC in Concert Madrid 12 July
July 12, 2025    
21:30
AC DC in  live concert in Madrid 12 July and 13 July
AC DC in Concert Madrid 13  July
July 12, 2025    
21:30
AC DC  live concert in Madrid 13 July  en el Estadio Riyadh Air Metropolitano de Madrid
Kylie Minogue in Concert in Seville
July 14, 2025    
22:30
Kylie Minogue hits the Plaza de España, Seville with a bang and some great songs that are impossible to listen to without giving it your [...]
Simple Minds in Murcia
July 19, 2025    
20:00 - 22:00
Simple Minds will be performing in Murcia in July, at the Plaza de Toros.
Lionel Richie in Murcia 23rd July
July 23, 2025    
00:00
A fantastic concert awaits you, the Lionel Richie legend. Over 125 million Richie records have been  sold. His career spans decades, with iconic hits including [...]
Carlos Santana in Murcia Friday 1st August
August 1, 2025    
00:00
WOW. Carlos Santana will perform in Murcia in summer 2025. His greatest classics, like Maria Maria and others, will be performed during this amazing show. [...]
Lionel Richie in Concert In Madrid
August 2, 2025    
21:00 - 22:30
Fans of Lionel Richie will be excited to hear that he'll be live in concert in Madrid on Saturday 2nd August 2025. An American superstar [...]
Santana Concert in Marbella
August 3, 2025    
20:00 - 22:00
Santana in Concert 3 August, Starlite Auditorium Marbella. Doors open at 20.00hrs
Events on July 4, 2025
Madness in Concert in Barcelona
4 Jul 25
Barcelona
Events on July 6, 2025
Events on July 9, 2025
Events on July 10, 2025
Europe in Concert in Murcia
10 Jul 25
Murcia
Events on July 12, 2025
Events on July 14, 2025
Events on July 19, 2025
Simple Minds in Murcia
19 Jul 25
Murcia
Events on July 23, 2025
Events on August 1, 2025
Events on August 2, 2025
Events on August 3, 2025
Santana Concert in Marbella
3 Aug 25
Málaga

Adverts

Trending