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What happens to the usufruct (“uso vitalicio”) contracts if Apartamentos Ciudad Patricia becomes bankrupt?

April 26, 2017apartamentos bankrupt ciudad contracts happens Patricia usufruct

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What happens to the usufruct (“uso vitalicio”) contracts if Apartamentos Ciudad Patricia becomes bankrupt?

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You don’t have to be afraid of this, because the owner is the big company VolkerWessels. Besides, all contracts are officially registered in the bank. Even in case of bankruptcy the contracts remain valid and they will be transferred to the next owners.