The Supreme corrects bankruptcy law and agrees that Treasury and SS may also be exonerated

The Supreme Court has agreed that the debts of the Treasury and of the Social Security may also be exonerated if they are covered by the insolvency law, a rule that corrects on the understanding that establishing the express exception of the public credits was an "extralimitation" of the legislator.In a judgment dated 20 March to which Efe has had access, the Civil Chamber has rejected the appeal of cassation filed by the General Treasury of the…