August Flow Stage Updates
As part of our monthly updates, we’re sharing the latest developments in legal proceedings for selected debts in our portfolio. These updates highlight important progress in the debt recovery process and are part of our ongoing commitment to keeping investors informed about the legal journey of each asset.
Here are the legal stage changes recorded in August:
🏠 J043 – House in Elche
Previous Status: Court Claim Applied
Current Status: Submission Confirmation
What this means: The court accepts the Lending Company's application.
🏬 R098 – House, Apartment and Commercial Premise in Barcelona
Previous Status: First Notification
Current Status: Court Decision
What this means: The judge evaluates the case and makes a ruling based on the evidence presented.
Note on R098: After careful investigation and legal work by the recovery team, it was possible to make significant progress in the judicial stage. The case has advanced into a faster recovery flow in court, allowing the previously initiated legal proceedings to reach a more advanced stage.
🏡 R122 – House in Cordoba
Previous Status: Auction Closed
Current Status: Access to Estate
What this means: The Lending Company gets the right to physically enter into the property.
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