Fund us already has a ready first offer vitality plan present to your creditors. At least that’s how it turns out announcement Cayetano Sánchez Butrón, president of Alicante business school, this Thursday Board members The foundation that manages the center and is invited to the next meeting. October 5th to give the green light to this approach.
Although no further details were provided in the call, sources of the trustees consulted, survival options Re-establishing an alliance with Fundesem European University to improve their income, as were the initial intentions of those in charge of the center before filing for bankruptcy last July.
The plan is also a get out of debt, plus one login in cash for payment by another party, although the amounts are unknown. If the board of trustees approves the approach prepared by the board next Wednesday, only first step, since then negotiations will have to begin persuade creditorsIn this case, basically Valencia Institute of Business Competitiveness (Ivace), the autonomous organization under the Ministry of Economy, which owns the property where Fundesem has its headquarters and owes a rent of 1.65 million euros.
In this sense, as it will be remembered, it was exactly Ivace’s decision. terminate the lease and request delays that accelerate events from June onwards. Thus, those responsible for Fundesem put an inextricable plan on the table. lower part of headquarters To the European University for teaching various degrees as well as joint postgraduate education. A project that did not quite convince Generalitat, which, in addition to presenting a training and future plan for the centre, has requested a substantial repayment of the debt as a gesture of goodwill to negotiate its continuity at the school’s facilities.
However, the risk that some small creditors would initiate the process led Fundesem’s board of directors to file for discretionary bankruptcy, which interrupted negotiations. Alicante Town Hall, transferred the land for the construction of the building in time and continues to be its owner.
Sánchez Butrón and his team, when the competition started and before it was too urgent, resumed talks With the Private University and everything indicates that they will try again to ally with it for the future of the centre.
On the other hand, while those responsible for Fundesem are trying to save the foundation, Commercial Court No. 1 Decided to open Alicante this Tuesday liquidation phase of limited company He had set up his business school in 2020 to streamline his administration. A society without assets, but on which faculty and staff depend and therefore pay compensation for layoffs that it cannot afford. The liquidation takes place at the request of Fundesem in the order published by the Public Bankruptcy Registry.