Bankruptcy proceedings started against notorious developer Aifos

Article Date : 24 November 2008

Aifos, a notorious holiday home developer based in Marbella, has been forced into receivership by one of its creditors , the Spanish press reports. The company is reported to have 850 million Euros of debt, which would make it one of the biggest developers to date to go into administration, after Martinsa-Fadesa and Tremon. Its...

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Bankruptcy proceedings started against notorious developer Aifos

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