The Registry can block a sale if one of the sellers is in bankruptcy proceedings and sold well below market price
23 Oct 20260 views
Who is affected:
Property owners in bankruptcy proceedings, real estate buyers and notaries in transactions with bankrupt parties
Summary
Three siblings sold a property, but one did so for €1,000 compared to €47,000 for the other two and was in bankruptcy proceedings. The Registry suspended the registration due to lack of intervention by the bankruptcy administrator.
Detailed analysis
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The Directorate General for Legal Security and Public Faith resolves an appeal regarding the suspension of a property sale registration in which one of three co-owner sellers was in voluntary bankruptcy since 2024 and transferred his undivided third for only €1,000, compared to €47,000 received by each of his co-heirs.…
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