why do you think it is a "losing move"?
I have afriend(German man),who is a fund manager for a REIT(Real Estate Investment Trust)
and they are also buying properties on the Black Sea coast.
Just the Germans are SECRETIVE people and especially those working for EQUITY FUNDS!
A Fund(Trust in Germany) is better manager for such properties...single owners live in differen parts of Irland or other country and they can not agree fast on issues and can't make fast decisions.
Shield's trial took about a YEAR...not TWO DAYS,how you are syaing.
Ask SOFIA ECHO to provide you wqith the archives abot the trial.
There was a lot of disscussion on the Forum of Sofia Echo and I contributed too.
The EVIDENCE was soooooooooooooooooooo obvious...tooo many witnesses AND
ALSO THE FORENSIC EVIDENCE(finger prints on the stone a.s.o.9
YOU PRIMITIVE BRITISH PROLETARIA!
Sooner or later your CRIMINAL Michael Shilds will get his punishmet!
The same happened to O.J.SIMSON...
HE WAS ALSO THINKING HE IS ABOVE THE LAW and NOBODY could make him
responsible for his deeds JUST because he is the GREAT O.J.Simson.
RECENTLY HE GOT WHAT HE DESERVES AND NOW IS WARMING UP AN ARIZONA
PRISON as the judge issued a life sentence.
ONCE OUT OF PRISON YOUR MICHEAL SHILDS WILL AGAIN AND AGAIN COMMIT
A NEW CRIMES.... as it is in the blood of offenders to OFFEND and VIOLATE the
This time SCOTLAND YARD will not have a merci for him.
My deares DP,
BILL is already 74 years old... do you think it is a little too late to get kids?
You should NOT be so pesimistic...plenty of complexes were built on the Blac
k Sea Coast and in the Bulgarian mountains.
Two years ago I had had a case of Irish purchasers of flats in Sunny Beach.
The complex MIRAMARE was completed...the problem was that the developer
did not deposit the promissed "rents" on the account of the flat owners.
Either he was NOT able to rent them out during the summer months or he could
not collect в‚¬8000,. as he was expecting.
Anyway,such cases of REIT(Real Estate Investment Trusts) when the investors
deposited initial payments but the company was not able to complete the
buildings,happen NOT just in Bulgaria.
Many yeras ago we had a case of German developer(Baufirma),who collected
funds from German investors but was NOT able to finish the hotels in
Punta del Hidalgo,Canary Islands.
Not because he embaselled the funds but because he miscalculated the costs for construction materials and the rapid increase of the
labor costs in Spain.
OF COURSE the attorneys want you to spread the word so that they can get more
clients and MORE clients means higher fees.
What the solisitors did not tell you is that if a company files for
(American law) or INSOLVENCY(British term) the creditors can not sue it for the
poeriod the Bankruptcy Court issued the protection order.
What does it mean "associated " Bulgarian developers?
Is the BULGARIAN DREAMS a daughter company of the BG Developers?
In case Bulgarian Dreams files for desolution(winding up of a company),
the creditors will be satisfyed from the remaining assets if there are some.
Keep in mind there is a PRIORITY Principle and the BANKS get as first their loans.
Anyway,in my opinion it will NOT bring anything to start a long,timeconsuming and
COSTLY trial...YOU WILL JUST MAKE THE SOLICITORS RICH.
My advice is to collect additional funds and convince the LENDERS(BANKS) that
the complex MUST be finished.
This is ALSO in their interest as they will receive morgage payments +interest.
I do not know the details of your case but usually in Insolvency the creditors go
The solicitors do NOT want to rescue the company...they want to disolve it ,so that their clients get their deposits back.
Regrettably WHERE IS NOTHING THERE IS ALSO NOTHING TO GET!
That is how it works in US and in GERMAN Insolvency Courts.
It sems you have NOT heard of INTERPOL,have you?
There is probably a TEATY b/n BG and USA for cooperation and exchange of
May be Kovachki tried to depost a large sum of $$$$$$$$$$$ in a US bank
and according to US Bank laws,they are obliged to report all suspicious activities
in the banking sector.
All this is called CRIME PREVENTION.
My dearest,highly appreciated Mr.WESTWON,
there is NO reason to offend the posters on this forum,calling us prolletaria.
How I noticed on your profile,you live in RIVERSIDE,CA,which is NOT
a FORTRESS of the SUPERRICH.
I lived for years in California...both Northern and Southern California and I have
been often in your area.
If you tell me you own a house in New Port or Costa Mesa...that is different
Concerning California wines...I have been in Napa Valley and tried them...
regrettably I am NOT a big wine fan...usually I use it for my Christmas goose.
THERE IS NOT ANY CASE,BUDDY!
Evverything is just hearsay!
ONLY gossip in the eye of the law.
As long as NOBODY contacted him and NOBODY TREATENED him and wanted
money from him,
there is not EVEN AN ATTEMPT TO commit a crime.
If he is able to prove that he paid his debt of в‚¬1500,-(probably he has a receipt or bank transaction document),
he should not be afraid.
In case someone wants money from him,s/he MUST prove that s/he is a CREDITOR.
The doors of the Zivil courts are wide open for such claims.
It is a CONTRACT law and NOT money extortion as he is suggesting.
Extortion is when the suspect commits a delict in order to force you to pay out money or
having other material advantages.
Read in a LAW dictionary about extortion.
50% more Chinese Tourists in Bulgaria
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