CHARGE ON OVERSEAS PROPERTY

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amanda221

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Post by amanda221 » Mon Feb 19, 2007 10:17 pm
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Hi ALL

My IP did not place a charge on my property in Spain, if they had done then my lawyers who are acting for me in litigation would have found out and i would not be in trouble with them.
As it happens my lawyers no longer want to act for me as a result of going in to an IVA, why didnt the IP place a charge on the property?
as i thought this was normal practice

THanks

Amanda
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MelanieGiles

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Post by MelanieGiles » Mon Feb 19, 2007 10:21 pm
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Hi Amanda

A Supervisor of an IVA is not allowed to register a charge over your property. The only thing which can be done is to register a restriction, which merely gives them knowledge if you attempt to dispose of the property. There may be different laws in Spain, so I could not comment, but it would be even more difficult for your IP to register an interest when IVA's are probably not recognised in Spain.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk
Regards, Melanie Giles, Insolvency Practitioner
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