New proposal from AIFOS to the creditors. Can this be a Joke? Few months ago there was a proposal from this "company". Here comes a new one, even worse!! If you are a creditor maybe AIFOS has contact you with this offer: You forget about the 55% of the debt. Then they have from 10 to 15 years to refund the rest of the money yearly. Imagine you paid 40000 euros in 2002. Maybe the amount they ow you has been increased with interest and legal fees, and now they ow you 60000 euros. What they offer to the ordinary creditors will discount 55% of this amount, and the rest, 27000 euros, would be paid from 2022 in 5 yearly payments. (aprox 5500 euros a year). They will tell you there is no other option. If they go to liquidation maybe you will not recieve anything. Could be this true? Of course, they say, the owners of the compeny will not recieve interests from the company until everything is paid. They say nothing about salaries they can recive. Maybe they will tell you that the Banks were the "bad boys" who lead them to this situation. Maybe they will tell you that the bank are recieving Verdicts to consider them responables of the Bankrupcy. This is true, but... were they not in the obligation to build in time what they promised?? Send me your coments!!

Meeting with AIFOS

Last Friday January 20th. Ley 57 assisted to a meeting between AIFOS´s manager and lawyers.
In the meeting they presented a non formal proposal depending on the results of different cases they started against several banks.
They have got 3 different verdicts against 3 banks, where they were considered as "administrators in fact" so they lose all their privileges.
Now they want to get a reduction on the money they ow to the banks.
If they can get it, they propose to reduce 50% of all debts and 8 years to pay.
In the first three years, they would not pay anything.
Ley 57 refused that agreement, at least until recieve a formal proposition.