Blog-pls explain

Hi

I think this is referring to the case law that has now been set against the banks in Spain, that have allowed the developers to use our deposits for purposes, other then our build ?

The case law is being used more often in cases now, and it seems that a precedent has been set, with many cases using this.

Our case has been submitted to the Alicante Court, and we are awaiting a hearing date.

Hope this helps ?

Barry & Sue

Hi Everyone

Has anybody had their cases heard where the banks have appealed if so what happens next, timeframes etc ?

Hi

Hi Sandra

Have your friends been awarded costs and interest ?

H

This message was last edited by SandraD70 on 05/02/2014.

Hi Everyone,

we were buying an apartment on Santa Ana Del Monte too.  we are with DWF solicitors in Manchester.  we instructed them to start proceedings agains BBVA in December 2013.

Recently informed that our case will be in Alicante court on Dec 18 2014.

Does anyone else have an initial hearing [or other] on that date?

What is the process?  Would i have to be there in court [i hope not, sounds like you get given a hard time by the bank and/or insurance company!].

thank you in advance for your assistance,

regards,

John

Hi John.

I am also with Antonio, my initial hearing was 22nd may which i did not need to attend. Final hearing is 18th October which i do need to attend.

Hope this helps.

Ken.

Hi Ken

Can you just let us know the reason for 2 hearings and what is determined by them pls.

Im just wondering if the first hearing gives you any judgement and any money back, and if the second is because of an appeal from the bank etc.

Any info from your experience would be good.

Hi all. 

I'm hoping someone who has been through the court process could give me some info. I am just considering joining a class action group but am very nervous about it. I don't have access to unlimited funds and was wondering if the process is just a constant flow of money. For eg if it goes to appeal do you have to pay again and so on. 

Any information on the financial implications of going down this route would be very appreciated.

thanks

a very nervous claire.

Hi Brian.

I am no expert but believe the first hearing is for the judge to hear the case and give both sides the opportunity to reach some amicable agreement. In our case no out of court deal was done and  the judge ruled there is a case to be heard and sets a date for the final hearing.

Ken.

7.30.2014 UPDATE: BANKRUPTCY COURT ACCEPTS REQUEST AND CALLS HDT FOR LIQUIDATION

Following our last thread, we can confirm that today the bankruptcy court from Alicante has called Herrada del Tollo (Santa Ana del Monte), for liquidation.

To learn more about how this new court statement affects to purchasers, please check our latest post on blog:

http://gmlegalexperts.blogspot.com.es/2014/07/gm-legal-experts-legal-news-noticias.html

We would like to remind you that we are organizing new "low cost" class actions against the Banks to recover deposits (plus legal interest), because the new company's scenario shows that this is the only realistic way to get deposits back.

Should you require further information, please do not hesitate to contact us (info@gmlegalexperts.com or through the contact form available on our website, www.gmlegalexperts.com)

Kind Regards,

Guadalupe Sánchez

GM LEGAL EXPERTS

Hi again. Does anyone know if anyone has lost the overall case in the courts, or has everyone been successful in the end?

thanks

claire

Hi Yes I don't think anyone has got there money back this way I think the lawyers in Spain are as bad as the developers and are trying to get more money from those that have already lost their life savings, so beware!

willsb.

Do not understand your post. Are you saying you do not know of anybody who has won and recieved deposit back.

Ken

Re Willsb's saying he doesnt think anybody has got their money back, i thought some people had been succesful going down this route, if there is another way of getting your money back i would like to know, we can all be cynical re peoples motives but i for one have gone down the legal route with Guadalupe, although nothing is guaranteed i trust her judgement

Mark

Do not understand why he is saying that when several people have posted on this site they have recieved a positive outcome and deposit returned.

Ken.

AS YOU SAY I BELIEVE IT IS WELL DOCUMENTED ON THIS SITE THAT A FAIR FEW HAVE WON AGAINST THE BANKS(ALTHOUGH NOT A QUICK PROCESS), MOST AS FAR AS I AM AWARE NOW IN POSSESION OF THEIR MONEY.

INFACT IN RECENT MONTHS I CANNOT RECALL ANYONE POSTING  NEGATIVE RESULT.

MARK