The property register cannot cancel bankruptcy entries already recorded through administrative appeal
10 Aug 202634 views
Who is affected:
Companies in bankruptcy proceedings that transfer real estate and their buyers
Summary
The General Directorate rejects a company's appeal requesting the removal of bankruptcy annotations from the register of a property seller. Entries already recorded can only be cancelled by judicial order.
Detailed analysis
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Inmogestión Económica, S.L. purchased a property in Badajoz from a company in bankruptcy proceedings. The registrar ex officio recorded the bankruptcy circumstances of the transferor (bankruptcy declaration, opening of liquidation and liquidation plan) as entries prior to the transfer. The buyer appealed arguing that s…
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