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Dubious Developer...advice please

Discussion forum for expats moving to or living in Spain.

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Dubious Developer...advice please

Post Posted: Thu Sep 21, 2006 2:01 am

Unfortunately we and dozens of others have fallen foul of a dishonest and unscrupulous developer, as a result of which our hopes and dreams of a new life in Spain are ruined.

The problem is that the Developer has organised his company Accounts so as to make it “appear” he has severe cash flow problems. This way anyone carrying out a search of the company is put off commencing legal proceedings for fear of failing to recover either their debts or any legal costs which may be incurred. Solicitors seem impotent just saying “we don’t think he has any money”, why can’t they find out? It’s a little difficult to understand how they can protect their Clients interests and not have access to this vital information.

In the meantime the Developer lives like a king in a one million plus euro finca, runs several high powered and expensive cars, has a collection of thoroughbred dressage and show horses and boasts of having land in his own name valued at over 3 million euros. Talk about rubbing your nose in it!!

The question:

How do we search and establish his real assets and make him accountable for his debts, it seems strange that in a country with tough bankruptcy laws that it is relatively simple to hide large assets in order to avoid accountability for debt.

Is this legal, can anyone out there help?

 

fredstynes
Newbie
Newbie
 
 
  
Re: Dubious Developer...advice please

Post Posted: Thu Sep 21, 2006 7:03 pm

Pliers and Blow Torch come to mind otherwise cant help ya mate sorry. Hope you manage to sort something.

 

Perecles
Newbie
Newbie
 
 
  
Re: Dubious Developer...advice please

Post Posted: Thu Sep 21, 2006 8:00 pm

Hello fredstynes,
Welcome to Expat Focus, I do hope that you enjoy your time with us and I am sorry to hear about your problem you are having with the developer, I dont know if this will help you but have you tried the Ombudsman?

Here is a link just in case you want to try this route.

www.defensordelpueblo..../index.asp

I do hope you get this sorted out soon Good Luck.

David SR


_________________

Advice is free, learning by experience can be costly.

European Swaps A place to Swap or Exchange your home on a permanent basis.

 

Countryboy
Forum Legend
Forum Legend
 
 
  
Re: Dubious Developer...advice please

Post Posted: Fri Sep 22, 2006 2:32 pm

Thank you both for your replies, whilst pliers and a blow torch or perhaps even a red hot poker have a certain appeal. We will head off in the direction of the ombudsman to see what remedy that might bring.

For the record I'll update the thread with any progress, thanks again Crying or Very sad

 

fredstynes
Newbie
Newbie
 
 
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