277 Latest nightmare - vendor gone bankrupt!

On of the vendors (there are 8 or 10 who jointly own the property) has apparently gone bankrupt. We were due to complete next Friday (acting so far on only proposta d'aquisto - no money changed hands yet). Does anyone know how long the personal bankruptcy procedure takes - effectively when might I be able to buyt, if at all?

Category
Legal

Submitted by Anonymous (not verified) on Thu, 04/21/2005 - 06:25

I don't have any answers for you, just loads of sympathy. It sounds like a nightmare!

Susi

Submitted by Anonymous (not verified) on Thu, 04/21/2005 - 06:42

The issue can be very complicated because I would imagine that there are prelazioni to deal with.

Is it a personal bankruptcy or is it a company bankruptcy? Each one has its own procedura di fallimento.

My suggestion is that if you really want to buy the property then seek proper legal advice.

Submitted by Anonymous (not verified) on Thu, 04/21/2005 - 06:51

The vendors are all individuals, someone died presumably and left it to all the children etc.