- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
The Sacresa company, owned by Spain's Sanahuja family and once the largest real estate company in Spain, has announced that they will be filing an application for bankruptcy tomorrow.
The Catalan based real estate company became the largest promoter in the whole of Spain when it bought control of rival, Metrovacasa.
Earlier today the Spanish press speculated that the company has not been able to refinance its debt which has been estimated to have reached 1.8 billion Euros. Reports are that the pool of banks involved did not consider the company's viability plan - to hand over assets to the banks in excahnge for 30% of the total value of debt - to be viable.