Garrucha declares bankruptcy

Garrucha has declared bankruptcy after their budget comptroller realised the town only has enough cash in the bank to pay salaries until the end of this month.

Sergio Prados, the comptroller, signed an order on the 3rd of June ordering the suspension of payments, the first step towards technical bankruptcy, according to local e-paper la gazeta de Almería.

This means that no suppliers will get paid until further notice, and only essential bills (salaries, bank interest payments and social security payments basically) will be paid. The comptroller estimates that the bank accounts will be empty by the end of the month, leaving the rest of the year to cope for itself.

The move comes eight days before the new Administration takes over, leaving them with a nasty surprise.

Meanwhile, there is still the question of the missing 1,8 million euros which the (soon to be ex-)Mayor insists is still within the bank accounts, and the opposition say he stole.

 

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2 thoughts on “Garrucha declares bankruptcy

  1. Please can anybody shed any light on a builder/ developer in Garrucha that went bankrupt in 2006 Ingar Furgurson was his trading name, he took deposits from a lot of people an never built a thing. I am trying to claim my monies back, I am a 72 year old pensioner and have fallen on hard times and really need my money back.

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