The affected creditors of Afinsa will receive a maximum of 33% of money invested. As reported by the High Court of Madrid, the holder of the court, Francisco Javier Vaquer, however temporarily suspends the obligation of the receivers to present a plan to sell the assets of the company and to begin to pay the 190,666 creditors.

Afinsa goes into liquidation. Those affected will receive a maximum of 33% of money invested. The Commercial Court number 6 in Madrid has agreed to dissolve and liquidate Afinsa, after the company failed to provide tangible assets for creditors to support its viability plan. The 190,666 customers affected will recover a maximum of 33% of what they invested because the company only had assets valued at 812.64 million it should be 2443.75 million, leaving a hole of 1.631 million euros.

Source Barcelona reporter