Personal assets protected when self-employed traders go bust
Thursday, June 7, 2012 @ 1:00 PM
SELF-EMPLOYED persons and business ownes will no longer have to risk losing their personal assets if their outfit goes belly-up, according to a new law currently in the draft stage.
According to the president of the national federation of self-employed workers, Lorenzo Amor (pictured), the legislation will include a limit on assets that can be seized by courts and creditors when a company winds up or a sole trader ceases his or her activity.
Read more at thinkSPAIN.com