We would like to inform that, last Friday, Herrada del Tollo was forced to apply for the voluntary liquidation of the company at the Mercantile Court in Alicante, because they are not able to fulfill with the creditors’ agreement and release the first 10% payment of the debt to the creditors.
Please note that when the mercantile court accepts this request, all the properties purchase contracts signed with HDT that haven’t been cancelled yet, will get automatically cancelled. Furthermore, the Mercantile Court will declare the breach of the 35% release and 5 years payment schedule agreement, which won’t be valid any longer.
These are positive news for those plaintiffs who have already started legal proceedings agains the Banks and voted in favour of the creditors agreement, because banks now won’t be able to challenge the claim using as argument that same release and payment shedule agreed with HDT should apply to generic bank guarantees, because that agreement won’t be legally enforceable any longer. But for those who got their contract cancelled and didn’t vote in favor of the agreement makes no difference at all.
Finally, this also proves than GM LEGAL EXPERTS was right when we advised purchasers that the only realistic way to get deposits back is to sue banks, under the provisiones of the generic bank guarantees. We are currently organizing new low cost class actions against the Banks to recover deposits plus legal interest, so please do not hesitate to contact us to get further information. You can email us to info@gmlegalexperts.com or through our contact on the website www.gmlegalexperts.com or blog.gmlegalexperts.com
Yours sincerely,
Guadalupe Sánchez