This morning there was a hearing in the Court to study the first petition for Bankruptcy, and Cyclo abogados ´s lawyers were also there. Aparently Aifos has paid to the petitioners and the proces has been cancel.
Aifos informed there´s a probable agreement with 13 diferent Banks to renegociate the debt, and they have until April 30th. to sign it.
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We have been tied up with aifos since may 2004, at the moment property all but finished but no habitation licenses. Shall be following the news on this website from now on.
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