This picture. this 1 commercial court Alicante accepted Fundesem’s request and voluntary bankruptcy, the limited liability company responsible for both the establishment and the management of the business school. In this way, the team led by Cayetano Sanchez Butron’s photo. reach one’s goal anticipate the creditor’s possible demandThis would have meant that the declaration was a mandatory process with the executives being suspended from their powers.
From now on, current managers will seek to reach an agreement that will significantly reduce the volume of their debt, through both the cut and the renegotiation of terms. Survive from the centre. Of course, from this moment they must do this in accordance with the rules. bankruptcy manager Bilbao firm, appointed by the judge PKF Bankruptcy CertificateHe has five days to decide whether to accept the mission.
this Current debt Fundesem amount is approx. 2.5 million €, According to information provided by Sánchez Butrón, 1.65 million at the Valencia Institute for Business Competitiveness (Ivace) due to delays seat rental It occupies the school on Deportistas Hermanos Torres street in Alicante. It’s a building that the district administration built on a municipal plot in the early 90’s to rent it out to the training center and use it as the headquarters of Impiva at that time.
In this sense, it should not be forgotten that Fundesem’s decision came after the Ivace board of directors agreed on 29 June. terminate the lease and claiming the entire outstanding debt even though the center has proposed a viability plan for the payment of overdue amounts through an agreement with the European University to which it will transfer some of the facilities.
Pressure from business and Alicante City Council led the Minister Rafa Air Conditioner and the mayor Louis Barcala He agreed to give those in charge of the business school a new opportunity to submit a new proposal, in which yes, Generalitat demands immediate payment of a substantial amount of this debt, approximately 600,000 Euros.
However, before risk more and more real creditor sues in courtFundesem’s governing council has chosen to file for voluntary bankruptcy. European University’s decision to withdraw from the agreement He signed in October of last year, given the impossibility of starting the next academic year. For their part, after the step taken by the center’s managers from Ivace, they chose to proceed with the termination of the contract, which now had to fall into the hands of the referee in charge of the competition.
Those responsible for Fundesem, don’t throw towels and your intention Continuity Contest that is, an agreement is reached to reduce debts and ensure the existence of the school.
bargain with template
Fundesem executives have already started work, as they wait for the start of negotiations with creditors, who, for now, will have one month to report their debts from the moment the bankruptcy notice is issued in the BOE. conversations with staff with the intention of confirming ERE for most 17 workers an ERTE for what the center has and what remains.
According to Sánchez Butrón, the decline is about 80% of the workforce because the goal is that only the necessary personnel remain to handle the competition. In addition, the lawyer ensures that this step is taken in a joint agreement with the workers themselves. give them a way out and prevent them from being stuck in purgatory They could not collect their salaries for months. In this way, they will at least be able to register for unemployment and look for alternatives. Of course, once bankruptcy is declared, the staff reduction must obtain the approval of the bankruptcy manager.
Fundesem’s problems, The outbreak of the 2008 crisis, It reduced the income of the business school, which was promoted by the Alicante business community through a foundation. The situation led Will stop paying rent in 2011 After an initial request from Ivace in 2017, a debt refinancing agreement was reached in 2019. replacement of previous management team and the arrival of Cayetano Sánchez Butrón as president. However, during this time the center has increased its debt to Ivace rather than recovered, largely due to the consequences of the pandemic.