Press enquiries to Sam Dabbs - 07711 672893
British and Irish home buyers who fear they may lose out due to the insolvency of another Spanish developer have been given until the 2 December to register their claim with the Spanish authorities, says law firm DWF.
Trampolin Hills Golf Resort SL, a company that sold hundreds of properties to British and Irish purchasers without having planning permission in place, has been forced into administration leaving 2,500 unfinished homes.
Antonio Guillen, a Spanish lawyer with DWF in Manchester who is advising British and Irish purchasers on the insolvency of several Spanish developers, says the company has been put into what is known in Spain as "compulsory administration", which implies that the procedure has been started on the request of one of the creditors. It could also mean the company directors are personally liable. Two administrators have already been appointed to manage the company's...