Hi Joyjo
I posted this on the SADM Forum earlier. It is an email that our lawyer sent me today:
"I am writing to you in order to inform you that there has been a decision taken which agrees the judicial approval of the proposed agreement from Herrada del Tollo, and the vote has been as follows:
- Creditors who voted against the agreement which credits amount 9,247,765.91 Euros, and that represent a 12.96 % regarding the total balance of credits (71,333,219.63 Euros)
- Creditors who voted in favour which credits amount 37,483,295.76 Euros, and that represent a 52.55% regarding the total balance of credits (71,333,219.63 Euros) and therefore, is higher than half of the liabilities.
For that reason the agreement is judicially approved, although not yet a final judjment as it can be contested up to the 15th of July. Please confirm if you would like the lawyer to challenge the decision. If so, please let us know before the 13th of July so she has time enough to prepare it.
If you do not want to challenge the judjment, then we will send you the term and way of payment regarding your credits that has been approved by the Court.
Looking forward to hearing from you."
I have to say that it is the first email she has sent us giving up-to-date information without needing to pester her!
Best wishes.
Sue