San Jose /Herrada del Tollo
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Anyone else heard that they are about to go into full bankruptcy as they have been unable to re finance because of the criminal proceedings and vote of no confidence of the shareholders. It was the shareholders who brought the allegations of fraud and false accounting to the courts ? Which bank if any is likely to refinance this company let alone with all these allegations going on .Not likely in todays climate .
Bet ya if true it will happen just before the August holiday leaving all at El Pinet ,SADM etc wondering where the hell they stand ! While the directors of the company sail on to pastures new with our hard earned cash firmly in their pockets ! MM
_______________________
Nothing surprises me anymore
but I am willing to accept that sometimes (although not very often ) I can be wrong !
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Dear Magicmeg
I would say this is only a rumour as both Court cases (San Jose and Herrada) continue the normal procedures and there has been no sign yet of an imminent bankruptcy of any of the two. In any case, before it ever went to bankruptcy the Court process must continue and the Creditors meeting must take place.
Regards,
_______________________ Martin de La Herran Sabick
Abogado / Lawyer (reg. 851 Jerez)
www.abolex.es
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Many thanks for your reply - it is good to have solid information rather than pure speculation! We are all grateful for your posts on here and hope that you will let us know if you hear anything definite about this.
Sue
_______________________
Sue Walker
Author of "Retiring the Ole Way", now available on Amazon
See my blog about our life in Spain: www.spainuncovered.com
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Where is this place? I want to visit.
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