Since May 10th, self-employed individuals and companies that have experienced liquidity problems as a result of increased costs caused, among other things, by the war in Ukraine can apply for ICO loans guaranteed by the State. December 1, 2022, was the agreed deadline for application. Now, the Council of Ministers has approved the extension of this period, so that the self-employed and SMEs can apply for these ICO loans for one more year, until December 1, 2023.
When do debts expire in Spain? Deadlines and more
When facing a debt, one of the most important aspects to understand is the prescription period. This period determines when a debt is no longer legally enforceable, and although it…
