{"id":3870,"date":"2019-09-03T17:35:41","date_gmt":"2019-09-03T17:35:41","guid":{"rendered":"http:\/\/decottalaw.com\/?p=3870"},"modified":"2019-09-03T17:35:42","modified_gmt":"2019-09-03T17:35:42","slug":"recovering-and-protecting-spanish-assets","status":"publish","type":"post","link":"https:\/\/decottalaw.com\/es\/recovering-and-protecting-spanish-assets\/","title":{"rendered":"Recovering and protecting Spanish assets"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Spanish property values are increasing and if a bankrupt individual or an insolvent company owns assets in Spain it is a good time to place a charge on the property and to ultimately seek recovery for the bankruptcy or insolvency in the UK.<\/strong> We act for Trustees in bankruptcy and Administrators and Liquidators of UK companies. <\/p>\n\n\n\n

We specialise in this area and although post Brexit there\nwill be still provision for placing charges and for recovery in Spain it is\nadvisable to act now under the provisions of the EU regulation 1346\/2000. We\nhave successfully registered UK\nbankruptcies<\/strong> directly at the Land Registries of Spain. Often this brings\nthe bankrupt or any co-owner to the table to negotiate a settlement. <\/p>\n\n\n\n

If the bankrupt or the director of an insolvent company fails\nto engage with the proceedings we have been able to sell the property where the\nproperty is not occupied. If there is a co-owner or the property is occupied it\ncan take some time to recover funds. However, by placing the charge the\ninsolvency practitioner or Trustee in\nbankruptcy has secured the asset<\/strong> which cannot be sold to a third party for\nvalue. <\/p>\n\n\n\n

The sale of property in Spain must be by notarial deed or by\ncourt order. Although the notary does have the obligation to ensure title is\nclear they have no obligation to check if the vendor is subject to any\nbankruptcy proceedings in the UK. Therefore, without placing a charge the\nbankrupt can sell the property and leave the trustee chasing the funds rather\nthan the property. <\/p>\n\n\n\n

We can undertake land and company searches and provide advice on title<\/strong>. For initial enquiries when it appears there are Spanish assets please contact us on info@decottalaw.net<\/strong> and see more information at https:\/\/decottalaw.com\/service\/insolvency\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Spanish property values are increasing and if a bankrupt individual or an insolvent company owns assets in Spain it is a good time to place a charge on the property and to ultimately seek recovery for the bankruptcy or insolvency … Continuado<\/a><\/p>\n","protected":false},"author":4,"featured_media":2501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[41],"tags":[],"office-cat":[],"service-cat":[307],"yoast_head":"\nRecovering and protecting Spanish assets - De Cotta Law<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/decottalaw.com\/it\/recovering-and-protecting-spanish-assets\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recovering and protecting Spanish assets - De Cotta Law\" \/>\n<meta property=\"og:description\" content=\"Spanish property values are increasing and if a bankrupt individual or an insolvent company owns assets in Spain it is a good time to place a charge on the property and to ultimately seek recovery for the bankruptcy or insolvency … Continuado\" \/>\n<meta property=\"og:url\" content=\"https:\/\/decottalaw.com\/it\/recovering-and-protecting-spanish-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"De Cotta Law\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DeCottaLaw\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-03T17:35:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-03T17:35:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/decottalaw.com\/wp-content\/uploads\/2018\/07\/tips-719205-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"318\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sandra Wrightson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DeCottaLaw\" \/>\n<meta name=\"twitter:site\" content=\"@DeCottaLaw\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sandra Wrightson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/decottalaw.com\/it\/recovering-and-protecting-spanish-assets\/\",\"url\":\"https:\/\/decottalaw.com\/it\/recovering-and-protecting-spanish-assets\/\",\"name\":\"Recovering and protecting Spanish assets - 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