25 Nov 2014 10:10 PM:

hi all

we have completed a preliminary hearing in July.2014 and now have a date for a final hearing in March.2015.

our lawyers (Costaluz) remain confident of a positive outcome.

andy

Community thread: Latest Balcones Status

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09 Dec 2013 10:27 PM:

Hi All

In July we heard "Your lawsuit has been admitted in court."  Still waiting for more news.  Does anyone know how long we are likely to wait for this initial hearing?

Helen and Andy

Community thread: Latest Balcones Status

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20 Apr 2013 9:54 AM:

Yes, it's feels like a lifetime waiting for us too.

We have instructed Costaluz to take action against the bank and we're still waiting for a hearing date.  We feel as though we received bad advise in taking action against a developer who was known to be in trouble and this has wasted both time and money.  We should have pursued the bank from the start.

It would be good to hear from anyone who has either had some success against the banks or is in the final throws of their actions.

Helen and Andy

Community thread: Latest Balcones Status

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07 Jul 2011 10:58 PM:

here is an excert from a recent mail sent to us by our solicitors Costaluzlawyers

has anyone else got a similar mail ??

""

We are just about to launch the bank action based on legislation 57/68. This law states that banks are jointly liable for not having put in place a bank guarantee in order to secure your payments.

We are launching this action collectively for a number of our Eurohouse clients as Eurohouse is in fact in a creditors meeting due to its poor financial state. Eventhough your credits have been presented to the creditors meeting, it will take a substantial period of time to receive payment. Payments are made over a structured period of time based on an official payment plan. There are also cases in which depending on the exact financial state of the company, 100% payment is not always recoverable.

The bank action is therefore aimed at recovering the full amount plus Interests and legal costs, far sooner.

""

Community thread: Latest Balcones Status

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07 Jul 2011 10:58 PM:

here is an excert from a recent mail sent to us by our solicitors Costaluzlawyers

has anyone else got a similar mail ??

""

We are just about to launch the bank action based on legislation 57/68. This law states that banks are jointly liable for not having put in place a bank guarantee in order to secure your payments.

We are launching this action collectively for a number of our Eurohouse clients as Eurohouse is in fact in a creditors meeting due to its poor financial state. Eventhough your credits have been presented to the creditors meeting, it will take a substantial period of time to receive payment. Payments are made over a structured period of time based on an official payment plan. There are also cases in which depending on the exact financial state of the company, 100% payment is not always recoverable.

The bank action is therefore aimed at recovering the full amount plus Interests and legal costs, far sooner.

""

Community thread: Latest Balcones Status

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