Bankruptcy Trustees estimate the Trampolin Company assets to be far higher than the debts

According to local newspapers, the 442 page report issued just before Easter by the Bankruptcy Trustees estimates the value of the Trampolin Hlls land to be more than 69 million €, despite the recent court ruling which renders invalid the initial agreement between the company and the Town Hall of Campos del Rio, allowing for the building of the resort. This agreement was denounced in 2005 by the opposition, due to the involvement of some of the council members in dealings with the company, and is currently invalid.
Although 39 vehicles, among them 2 Ferraris, are classified as “not located”, the total assets are estimated to be 82.552.206 €, whereas the debts are estimated to be 62.557.091 €. This leaves the company with an estimated 17.537.260 €, according to one newspaper. The list of creditors amounts to some 1700 buyers of off plan homes. Regarding Trampolin Hills, the report states that “this project, as of today, and considering the lack of liquidity of the bankrupt company, would be completely unfeasible”. However, the local newspaper “La Verdad” (see link) concludes that the report opens new hopes for the buyers, who might see the project recovered and the homes built by another company.