Unfinished developments are housing complexes, unfinished buildings, unfinished works, which for different reasons have not been completed and delivered and therefore are a percentage of their execution.
1.- Not has been completed the percentage of sales that allows the execution of the promotion
2.- Not achieving the percentage to sign the developer’s loan
3.- Poor management of resources in their economic plan
4.- Poor selection of the land and its purchase price, which hampers the final price of the homes to be competitive.
5.- Market factors that cause the demand to be reduced and leave the promotion out of the market.
How to access to unfinished promotions to invest?
Our company has access through different sources to unfinished developments, which it analyzes to put them in investment value.
Our company has among its team practicing insolvency administrators regulated that connect with other professionals to detect operations Attractive to the discount that allow profitable investment operations.
What are insolvency proceedings?
Let’s start by explaining what an insolvency proceeding is and then tell you who can apply for it, when, the types of insolvency proceedings that exist and their different effects. We could define an insolvency proceeding as an instrument that every company has to solve an extraordinary economic situation and crisis. Specifically, a company can file for insolvency proceedings when it does not have sufficient liquidity to meet its obligations. Therefore, it is closely related to the lack of solvency of the companies.
Thus, the Insolvency Law 22/2003 of July 9, 2003 provides that only companies that “are unable to regularly meet their due obligations” will be subject to insolvency proceedings.
This tool is used in order to be able to solve this situation and pay all the debts that have been assumed with the creditors.
For this, the debtor must prove that the insolvency is “actual or imminent”. Thanks to this, it will be able to execute a 50% write-off of the credits classified as ordinary.
Types of insolvency proceedings:
There are two ways of filing for insolvency proceedings:
Voluntarily. In this case it is the individual or person responsible for the company who does so. It is important to emphasize that such person, if he/she is aware of information that foresees the bankruptcy of the company, is obliged to file for insolvency proceedings. Otherwise, he/she may be fined and even criminally charged if the judge considers that the bankruptcy is caused by illicit purposes.
Forced. If it is one of the partners or creditors who request the bankruptcy. This can occur when there are disagreements with the management of the company. Here it is a judge who processes the request for insolvency proceedings and decides whether or not it is finally carried out.
Phases of insolvency proceedings
There are four phases in any insolvency proceeding: