Fundesem already has judge’s approval for the proposal agreement with what intention pay off your debt and it can overcome its current bankruptcy situation. The president of Alicante’s No. 1 Commercial Court approved the business school’s approach. alliance with the European University strengthening and promoting educational activity payment up to 55% of the amountd you owe in one installment during the first year, and Discount is applied over the remaining 45%.
Moreover, the court has already decided on him. competition evaluationtaking into account random without appreciating no signs of wrongdoing or fraud by the directors of the center under his direction, according to the instruction issued this Thursday.
Thus, from this moment onwards, those responsible for Fundesem Two months to get the approval of the majority of creditors According to the provisions of the new Enforcement and Bankruptcy Law of your proposal, in this case, it means receiving a favorable statement from the undersecretary. space.
public institution affiliated with the Conselleria de EconomÃa Sostenible, main creditor from business school 1.6 of the total 2.7 million Euros should be an educational institution. lease back for headquarters It is located on Deportistas Hermanos Torres street in Alicante. It’s a timely building, thanks to a three-way agreement that involved Alicante City Council, which transferred the land.
It was precisely these non-payments that led Fundesem to the tender, after the Regional Administration, together with the European University, did not favor the feasibility plan proposal and decided to terminate the lease and claim all outstanding debt. It’s a move envisioned by the foundation he presides over. Cayetano Sanchez Butron with a voluntary competition application.
despite the reluctance of the department led by Raphael ClimentThose in charge of the business school chose to withdraw the agreement with the European University, which they saw as the best option to ensure the viability and long-term future of the centre. An agreement in which both institutions will be responsible for providing information several master’s degrees and other postgraduate education it is a joint type of work and this also means that the private university can use the Fundesem facilities to teach. various degrees of the socio-sanitary branchWhat would its explosion in the Alicante market mean.
1.5 million injections
To ensure the viability of Fundesem, the European University put a table on the table. First injection of 1.5 million euroswhich will serve to repay 55% of the overdue debt and at the same time payment of approximately 400,000 euros per year to business school for another set of concepts.
Like this business plan Accompanying the proposal, the center anticipates revenue of approximately €2.3 million for the academic year 2027/2028, with net results of €334,000.
An offer that the judge liked, even praised, in his analysis of the car. “Apparently, this alliance not only ensures the foundation’s survival, but also ensures the foundation’s survival by enabling the foundation to revitalize its teaching activity and thus achieve its founding purpose. Numerous sources of benefits for the province of Alicante and especially for the business structure”, the document assures.
Source: Informacion
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