Home News Number of new companies in Portugal increases Number of new companies in Portugal increases There has been an improvement in the Portuguese business sector, with insolvencies falling by 2% and the creation of new companies rising by 5%.
Home News Number of new companies in Portugal increases Number of new companies in Portugal increases There has been an improvement in the Portuguese business sector, with insolvencies falling by 2% and the creation of new companies rising by 5%.
Insolvency is a legal finding that a company cannot pay its debts when due, which opens a court‑supervised insolvency proceeding (processo de insolvência) to restructure the business or liquidate assets. The court appoints an administrator, creditors file claims and certain claims (like unpaid wages) often get priority; for employees this can mean job loss but also possible access to outstanding wage protection schemes, while creditors may recover only part of what they are owed.