Insolvency Law in Tenerife & Fuerteventura
Restructuring, concurso and creditor work — order for businesses in difficulty.
Insolvency law exists to give order to a bad moment.
What we handle
- Restructuring plans before any court filing
- Creditor negotiation and payment calendars
- Company concurso filings, run start to finish
- Director liability when filing is delayed
- Creditor representation inside a concurso
- Recovering debts from insolvent companies
- Viability reviews before decisions are made
- Orderly wind-downs when there is no rescue
When the numbers stop working, the law offers exits more orderly than the chaos — for companies, directors and creditors alike.
We advise businesses in difficulty and the creditors they owe: restructuring plans before insolvency, the concurso procedure when it is unavoidable, and the personal position of directors — who face liability when filing is delayed too long. Early advice is the difference between managing an insolvency and being managed by it.
Concursos run before the commercial courts of Santa Cruz de Tenerife and Las Palmas de Gran Canaria; restructuring plans and creditor agreements are negotiated outside them. For individuals and the self-employed, the second-chance route has its own page — one link below.
Three stories we hear every week.
"The company can't pay everyone this quarter — what do I do first?"
"A big client just entered concurso owing us money."
"I guaranteed the company's loan personally."
How we work
Olga Caballero
Founder & Lawyer — Costa Adeje · CorralejoAdvising international clients across the Canary Islands since 1998, in person and by video. Insolvency files are led by the lawyer who saw the first balance sheet: strategy, filings and creditor talks in the same hands, from the first meeting to the closing order.
Español · English · Deutsch · Русский · ItalianoFive languages spoken in-house — and live-translated video for five more.
Olga Caballero Martel · Colegiada nº 2805, Ilustre Colegio de Abogados de Las Palmas.
Meet the teamIn their words
Very competent law firm.
Excellent attention, genuine willingness to help and a high level of professionalism.
Perfect treatment, impeccable professionalism.
Write to us — or book a consultation.
Insolvency — what clients ask first.
When is a company legally obliged to file for insolvency?
In general, within two months of knowing it cannot meet its obligations as they fall due. Missing that window can make directors personally liable — the calendar matters more than most managers assume.
Is there an alternative to the full concurso?
Often, yes. Restructuring plans introduced by the 2022 reform allow debts to be renegotiated with creditor majorities before court insolvency — earlier, quieter and usually cheaper. It requires acting while options are still open.
What happens to the employees?
Contracts can continue, be adjusted or end within the procedure, with FOGASA covering part of unpaid wages and severance within legal limits. We plan this side explicitly — it is usually the most human part of the file.
We are creditors. Is it worth engaging?
Usually: claims must be communicated within strict deadlines and their classification argued. Engaged creditors consistently fare better than passive ones — being represented is how recovery chances stay real.
Prefer to call?
Numbers no longer adding up?
Book a consultation in person or by video — a clear, honest reading of your case in your own language, and a plan and fee agreed before any work begins.