Home News Meat company declares insolvency in Portugal Meat company declares insolvency in Portugal Sicasal, a meat industry located in the municipality of Mafra, has been declared insolvent at the request of Banco Comercial Português, according to the announcement of the declaration of insolvenc
Meat company declares insolvency in Portugal
Wednesday, 7 January 2026RSS
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Context & Explainers
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.
