Finance

Concurso de Acreedores

A 90-minute, 4-round advanced Express simulation on Spanish insolvency law for SME directors under the consolidated Insolvency Act (TRLC) as reformed by Ley 16/2022, for courses in corporate finance, restructuring, insolvency law and family-business governance.

4 rounds Executive English, Español

Preview

About this simulation

A 90-minute, 4-round advanced Express simulation on Spanish insolvency law for SME directors under the consolidated Insolvency Act (TRLC) as reformed by Ley 16/2022, for courses in corporate finance, restructuring, insolvency law and family-business governance.

Ceramica Vallterra (a fictional family-owned tile maker in Onda, Castellon, with 142 employees and 21 million euros of liabilities) has become insolvent: as managing director you have two months to act.

You decide how to respond to the insolvency and what to pay while insolvent, how to group the creditors into classes and what the family keeps, whether to exit through a homologated restructuring plan, the sale of the productive unit, a convenio or liquidation and how to treat the workforce, and how to answer a dissenting bank and protect your own position in the calificacion.

Scored on creditor recovery, the minimum liquidity of the first 13 weeks, the directors personal exposure, the months to a solution and the jobs kept.

Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 4 rounds. In each one they submit their decisions and the simulation calculates the results. The first round opens with: Lunes 17 de enero de 2028: el reloj y los pagos.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Cómo responde Vallterra a la insolvencia
  • Qué se paga mientras tanto
  • Cómo se agrupan los acreedores en clases
  • Las acciones de la familia Bellmunt
  • Cómo sale Vallterra
  • La plantilla
  • La oposición de Banco Levantino
  • La posición de la consejera delegada

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