Tips to Protect Spanish Assets
If a bankrupt individual or an insolvent company has assets in Spain, now is a good time to lay a charge on the property and subsequently seek restitution in the UK because Spanish real estate is increasing in value. Administrators, liquidators, and bankruptcy trustees for UK companies are all parties we represent. Because of our expertise in this area, it is advisable to act right away in accordance with the Regulation, even if Spain will continue to have mechanisms for collecting debts and bringing legal action to Protect Spanish assets . We have experience directly registering UK bankruptcies. This typically leads to a settlement being discussed by the bankrupt or any co-owner. We have had success selling abandoned property when the bankrupt or director of an insolvent company declines to take part in the proceedings. If there is a co-owner or if the property is inhabited, it could take some time to reclaim the money. However, the asset has been secured by the bankruptcy t...