Legal tip 1337.NEW! Supreme Court protection when off-plan developer goes Bankrupt
28 October 2015 @ 15:28
NEW! Supreme Court protection when off-plan developer goes BANKRUPT.
You have been immersed in a developer´s Creditors meeting for years and still nothing to show?
These below are the words that will convince you!
Literal words from recent Supreme Court decision on off plan buyers and bankruptcy.
“In accordance with rules governing the assumption of the obligation to guarantee the repayment of amounts paid on account, under art. 1 of Law 57/1968, the adhesion/ agreement of buyers to the proposal of Bankruptcy administrators does not alter the right of these buyers to go against the insurer (…)”
So….no more time to be spent there….An strong case is waiting for you against the Bank.
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If you or any of your friends is still trying to recover funds from Bankruptcy proceedings… it is now the time to start action against the Bank (either guarantor Bank or Bank which received amounts in account).
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