19 Jul 2008 11:49 AM:

fds

I hate to say it but this will be long and difficult.  I have recently hired a Spanish lawyer to develop a criminal case against GM.  They never responded to any of my letters, faxes or suggestions.  I made a deposit on a property in 2004, about Euro 48K.  While I will proceed with the criminal case, I have formally written off this amount on my US taxes to get some relief.   As I have been told the Spanish court system is slow, I don't expect any results soon.  Most likely the company will be liquidated at some point.  Hopefully the courts will freeze any personal assets of the management but I would expect less than 20% recovery and that is really just a guess.  I have no idea if they have any unencumbered assets. 


Derek Wilson

Thread: Grupo MIrador

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