Auctentia, one of the main subsidiaries of Afinsa, has made a proposal for a convention in which she offers to return to creditors one hundred percent of your debts in three years or 80 percent in a year and a half.
This proposal, which must be ratified by court order, has the approval of Afinsa, its sole owner and principal creditor, which considers 'beneficial' for your interest and your body of creditors.
Auctentia shown in his proposal for a convention - filed in the court of the commercial number 1 - which has sufficient assets to meet debt.
Thus, explains that his main assets are the shares held by the commercial Escala Group Inc.. -Listed company in the U.S., which account for more than 60 percent of its capital, and the company has PMI Spectrum INC., 30 percent of its capital.
Scale Shares soar to 41.4 million euros and 2.9 million of Spectrum, which along with other assets raise the total to 44.5 million euros, so that managers remind Auctentia that its assets exceeded 'by far' the cost of debt, amounting to 14.2 million.
The proposed agreement Auctentia that takes its competition, offers two options for payment of debt to creditors, or takes it out.
The discharge would pay creditors 80 percent of the debt in a year and a half since the adoption of a decision approving the agreement, while the wait would be three years to pay one hundred percent of the amount to amounting credit.
Each creditor may choose which type of payment you prefer, and if it is expressly assumes it is home to remove it.
