AIFOS….again!

Viewing 8 reply threads
  • Author
    Posts
    • #55493
      katy
      Blocked

      The bankruptcy Administrator has assesed the debts of AIFOS to be almost 900 million euro and there are over 6000 creditors. Whilst the people who paid deposits for purchases are recognised as creditors, they are not included in the 900 million figure as they are unsecured? creditors. Are we suprised 🙄 🙄

      http://www.diariosur.es/v/20100321/malaga/administradores-concursales-aifos-reconocen-20100321.html

    • #97650
      Anonymous
      Participant

      katy

      yes, this looks like the final nail in the coffin for those of us cheated by Aifos. The fact we won our case against them and have had a court embargo on one of their properties for well over two years really should stand for something?, and would have had the courts not delayed our case for two and a half years from being accepted. They went under over 18 months in to the delay!

      What chance now as a creditor?, between Aifos and the courts, it looks once again like we have been well and truly stitched up.

    • #97651
      katy
      Blocked

      Yes it seems so 🙁 I read the purchasers of Martin Fadesa will be considered the same too.

      Then we get posters coming on here saying spanish banks will chase British people through the UK courts for a few thousand mortgage shortfall 😈

    • #97658
      Anonymous
      Participant

      katy

      what I need is a lawyer who will take on my case against the Spanish courts for unreasonable delay. (there is a procedure for this i’m told) ……No win, no fee of course. Bet they will be falling over themselves to take that on!!!

    • #97660
      Fuengi (Andrew)
      Participant

      @goodstich44 wrote:

      katy

      what I need is a lawyer who will take on my case against the Spanish courts for unreasonable delay. (there is a procedure for this i’m told) ……No win, no fee of course. Bet they will be falling over themselves to take that on!!!

      Hi goodstich

      I don’t know if its stiill the case, but I thought lawyers in Spain were not allowed to work under a no win no fee scenario.

      Either way I would recommend els abogados. They are not property lawyers, deal with litigation and such.
      There is also Aguera y arebola.

      Both get the job done.

    • #97661
      Anonymous
      Participant
      Fuengi wrote:
      goodstich44 wrote:
      katy

      what I need is a lawyer who will take on my case against the Spanish courts for unreasonable delay. (there is a procedure for this i’m told) ……No win, no fee of course. Bet they will be falling over themselves to take that on!!!

      Hi goodstich

      I don’t know if its stiill the case, but I thought lawyers in Spain were not allowed to work under a no win no fee scenario.

      Either way I would recommend els abogados. They are not property lawyers, deal with litigation and such.
      There is also Aguera y arebola.

      Both get the job done.

      Not sure about the no win no fee scenario . There is an advert on Talk Radio Europe, where a firm are so confident of winning cases for foreigners who paid over the odds on property sale retention or CGT, that they are prepared to act on a No win no fee basis. This relates to the time when Hacienda was charging twice the rate on CGT and property retention on property sales , and was later outlawed by Strasburg-

      I had to smile bacause in the advert they say ,words to the affect that urgent action is required as the courts have put a tough time limit on taking action. When did Spanish courts ever act quickly in anything?

    • #97664
      Anonymous
      Participant

      thanks guys for the info’.
      To be fair, I haven’t asked my current lawyer who won our case against Aifos what the next step is yet. I’m guessing the answer will be wait for the outcome of the creditors final decision before moving on. That could be several years though i’m told……. Same old story.

    • #97666
      Anonymous
      Participant

      “When did Spanish courts ever act quickly in anything?”

      In Spain all instituitions can act get very quickly where it suits them.

    • #97669
      Anonymous
      Participant

      shakeel

      yes very true, we had a very small time window to dosh out another £1000.00 to get on the creditor list!!

Viewing 8 reply threads
  • The forum ‘Real Estate Topics, News & Discussion​’ is closed to new topics and replies.