What does concurso de acreedores in Spanish mean?

What is the meaning of the word concurso de acreedores in Spanish? The article explains the full meaning, pronunciation along with bilingual examples and instructions on how to use concurso de acreedores in Spanish.

The word concurso de acreedores in Spanish means state of insolvency. To learn more, please see the details below.

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Meaning of the word concurso de acreedores

state of insolvency

locución nominal masculina (suspensión de pagos)

(noun: Refers to person, place, thing, quality, etc.)
Su empresa está en concurso de acreedores.
His business is in a state of insolvency.

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Spanish (español), also known as Castilla, is a language of the Iberian-Romance group of the Romance languages, and the 4th most common language in the world according to Some sources, while others list it as a 2nd or 3rd most common language. It is the mother tongue of about 352 million people, and is spoken by 417 million people when adding its speakers as a language. sub (estimated in 1999). Spanish and Portuguese have very similar grammar and vocabulary; The number of similar vocabulary of these two languages is up to 89%. Spanish is the primary language of 20 countries around the world. It is estimated that the total number of speakers of Spanish is between 470 and 500 million, making it the second most widely spoken language in the world by number of native speakers.