About 40 real estate located in Spain may be used within the commercial bankruptcy of ficrea to pay part of the debt that this firm has with about 4,900 creditors, many of them savers who entrusted their resources to this company and that allegedly, according to the accusations, its owner Rafael Olvera Amezcua triangulated for personal benefit.
These 42 real estate properties are part of the agreement that Olvera Amezcua entered into in Miami, Florida, with the trusteeship of Ficrea’s commercial bankruptcy, in order to stop a civil lawsuit against him, but which was later the beginning of the review of his immigration status, which led to his deportation to Mexico.
Although the agreed agreement was approved on September 5, 2019, these real estate had not been able to be transferred to the bankruptcy estate due to the fact that the General Prosecutor of the Republic (FGR) had not lifted their insurance, so they could not be monetized for the benefit of the bankruptcy estate.
“The procedure is regularized, for the purpose of specifying that the real estate located in the territory of Spain to which allusion is made in the order of April twenty-second of two thousand and twenty-two, remain at the disposal and under the administration of the liquidator”, it is stated You can read in a resolution of the commercial bankruptcy judge Virginia Gutiérrez Cisneros and that the public ministry did not oppose compliance.
According to sources familiar with the process, most of these 42 properties are apartments located in Madrid, Spain; however, the detailed data cannot yet be revealed by the processes that exist within the commercial bankruptcy.
From 2015 to date, the commercial bankruptcy of ficrea has paid just over 1,400 million pesos from the sale of assets of this company, that is, more than 20% of the total recognized debt.
Although initially it was indicated that the embezzlement of the company amounted to about 2,700 million pesos, the debt recognized in the commercial bankruptcy amounts to more than 6,000 million pesos, this because its goods and assets that were recovered were integrated into the mercantile process.
Within the commercial bankruptcy of ficrea Eight payments have been made to creditors and the last one was in January 2021. Most of the creditors are the people who entrusted their savings to this firm, but they also have obligations to former employees and tax authorities.
The agreement that Olvera Amezcua agreed with the syndicate was the delivery of 80 properties and nine vehicles in the United States, as well as 42 properties in Spain. As of the first two months of 2022, 74 properties in the United States had been sold, which left an amount of more than 36 million dollars.
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