Quality Hotels & Resorts owes more than 9 million euros
Wednesday, 11 November 2009 09:34

The company Quality Hotels & Resorts that administrates the hotels Xibana Park and La Paz in Tenerife filed for insolvency at the end of 2008. The insolvency administrators designated by the Commercial Court of Santa Cruz of Tenerife revealed that the company has an estimated debt of 9 million euros.

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The amount of insolvency procedures in the Valencia Region increases with 52.7%
Tuesday, 10 November 2009 08:55

A total of 165 families and companies of the Valencia Region have been declared insolvent during the last trimester of 2009, which represents an increase of 52.7% with regard to the same period of 2008, and this situates Valencia, after Catalonia, as the second region with the highest amount of insolvency procedures.

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Banesto sells 1.200 homes with discounts up to 40%
Friday, 30 October 2009 09:45

As from next Monday 2nd of November, and only during the month of November, Banesto offers 1.200 homes in every corner of Spain with discounts up to 40% in order to sell a quart part of its repossessed homes at “advantageous prices”. The rebates apply on the revised priced of this year, the period in which the bank repossessed the majority of its properties, in line with the rest of the sector. If all homes will get sold, it will create a turnover of around 110 million euros.

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The economy of Malaga will start to recover around mid 2010 thanks to tourism
Monday, 09 November 2009 09:04

The last economical report of the Economical Analysts of Andalucía, an independent entity of Unicaja, states that the economy of Málaga will start to recover around mid 2010 impulsed by the Tourism sector. This sector will start to show positive data as from next summer.

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Guaranties of the Law in case of delay of the developer
Thursday, 29 October 2009 11:06

The executive procedures based on insurance policies or bank guarantees in accordance with the Law 57/1968, together with a document that certifies the delay of the legal delivery of the property have always boomed in times of economical crisis. The executive writ that we have summoned to defend our clients is most innovative as it not based upon a document that certifies the delay of the delivery, as this final date in some cases has not been reached yet, but based upon the delay of the commencement of the construction work.

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Los Monteros Platform

Los Monteros

The Hotel Los Monteros from Marbella, Spain filed for voluntary insolvency (concurso voluntario de acreedores). Anyone wishing to register as a creditor of the firm Los Monteros needs to contact the Commercial Court of Málaga within a period 30 days as from the publication in the Spanish Official State Gazette (BOE) of the application of insolvency. Read More

Aifos Platform

Aifos

The firm AIFOS from Spain filed for voluntary insolvency (concurso voluntario de acreedores). Anyone wishing to register as a creditor of the firm AIFOS needs to contact the Commercial Court of Málaga within a period 30 days as from the publication in the Spanish Official State Gazette (BOE) of the application of insolvency. Read More

Garasa Platform

Garasa

The firm GARASA from Spain filed for voluntary insolvency (concurso voluntario de acreedores). Anyone wishing to register as a creditor of the firm GARASA needs to contact the Commercial Court of Málaga within a period 30 days as from the publication in the Spanish Official State Gazette (BOE) of the application of insolvency. Read More

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