？Qué indicadores económico-financieros podrían condicionar la decisión del experto independiente sobre la supervivencia de una empresa en su fase preconcursal? Evidencia empírica en Espa？a

10% of bankrupt companies survive. the recent reform of the bankruptcy act established a pre-bankruptcy phase aimed at the reorganization of the firms without the pressure of a mandatory insolvency statement. to do this, a report from an independent expert is needed. the aim of this paper is to identify the business indicators that could help the decision of such expert. using artificial intelligence methodologies, we have found that the industry, size, profitability and belonging to a group are factors that determine the future of the company.