The other day I reported that the notorious Spanish developer Aifos has been forced to respond to a court request, by two suppliers owed a total of 392,000 Euros, to put the company into administration on the grounds of insolvency.
Aifos opened several sales offices in the UK during the boom, and sold hundreds, if not thousands of properties to British investors and holiday home buyers. Many of them could lose some or all of their stage payments if the company goes bankrupt.
Now a new blog (http://aifosbankruptcy.blogspot.com/) has been set up to keep people informed of the situation at Aifos, and the bankruptcy proceedings it is trying to avoid.
The blog is run by Carlos Cómitre, a lawyer based in Fuengirola, Malaga, on the Costa del Sol, with a well-earned reputation as a fierce defender of his clients’ interests.
I will keep an eye on the blog and report any major developments here, but anyone with a direct exposure to Aifos might want to go direct to the source.