Raúl Herrera García

Raúl Herrera García is one of those lawyers who decided long ago that specialisation is not a luxury but an obligation. A law graduate from the Universidad Autónoma de Madrid with a focus on Business Law, he has spent more than eighteen years practising insolvency, commercial, and civil procedural law. He is not a generalist who handles insolvency cases when they come along: he is an insolvency specialist who has built his entire career around financial distress, debt restructuring, and the legal mechanisms available under Spanish law for companies and individuals seeking an orderly way out.

He founded his own firm in 2013 after eight years at a multidisciplinary practice where he rose from intern to director. That trajectory taught him something that many lawyers take too long to learn: a good insolvency practitioner needs to understand not only the law, but the debtor’s economic reality, each creditor’s position, and the procedural strategy that maximises the real options for recovery or debt discharge. His firm, Herrera García Abogados, operates from Madrid with national coverage and has managed insolvency proceedings in commercial courts across multiple autonomous communities.

In the field of Spain’s Second Chance Law (Ley de Segunda Oportunidad), Raúl has advised individuals and self-employed professionals on obtaining the Benefit of Discharge of Unpaid Liabilities (BEPI), navigating a procedure that, despite its protective intent, remains technically demanding and is applied with uneven criteria across different courts. His experience includes negotiating out-of-court payment agreements, managing insolvency mediations, and defending against creditor opposition to discharge applications.

In corporate insolvency, he has intervened in the common phase as well as in composition agreements and liquidation, representing debtors seeking business continuity and, when viability is no longer an option, managing orderly dissolutions through express or no-asset insolvency proceedings. One of his most representative cases involved designing a strategy for a personal guarantor of a bankrupt company who owed over EUR 150,000 to a bank, successfully negotiating with the insolvency administrator to purchase the debt and subsequently acquire the secured asset through dación en pago (deed in lieu of payment).

Registered with number 79,836 at the Madrid Bar Association (ICAM), he is the author of Cómo montar tu despacho y (sobre)vivir en el intento (Dykinson, 2022), which was presented at the ICAM auditorium with members of the Governing Board and the president of Young Lawyers of Madrid in attendance. He has been interviewed by Confilegal, Newslegal, and other specialised legal publications on the reform of the Consolidated Insolvency Act (Texto Refundido de la Ley Concursal) and the risks of lawyers without specific insolvency training taking on these types of proceedings.

As Of Counsel at BMC, Raúl brings the team a capability that directly complements the firm’s tax, commercial, and employment law divisions: comprehensive management of insolvency situations, from the pre-insolvency filing under Article 583 TRLC through to the conclusion of proceedings, including creditor negotiations, credit challenges, and protection of the business owner’s personal assets. His addition enables BMC to offer clients a first-rate insolvency service without needing to refer work to external parties at precisely the moment when the company or individual needs all the professionals involved to work in coordination and under a single strategic direction.