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El blog de Maria

Your daily Spanish Law reporter. Have it with a cafe con leche. www.costaluzlawyers.es

Trampolin Hills under unsolvency procedings
04 November 2009 @ 08:17

The company "Trampolin Hills and Golf Resort SL" has been declared under insolvency proceedings by a decision passed by the Commercial Court Number Two of Murcia

The Court order indicates that the debtor "has been suspended from the exercise of the powers of administration and disposition of their assets,  being these replaced by the judicial administration”.

This company was affected in their projects over a year ago when the Municipality of Campos del Río did not approve his plan, consisting on the building of 2,500 homes and other facilities in this county.

 I wonder… who was to finance the project?

Ermita de l'Abellera por . SantiMB ..

Ermita de L´abellera,Prades, Tarragona (Spain) by SantiMB at Flickr.com

 



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2 Comments

cathy/paul said:
10 November 2009 @ 16:32

If La Caixa is holding your deposit for Trampolin Hills, and you have proof of this, do you still have to register as a creditor with the court?

if not is there another procedure to follow to get La Caixa to release your money?


Maria said:
10 November 2009 @ 17:15

Do you have a Bank Guarantee? Was the money deposited in a "special account"?


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