Positive developments regarding claims against Club La Costa (CLC)
Andrew Cooper CEO of ECC
Club La Costa timeshare claimants received letter from the official CLC administrators. That administration is now being handled by accountancy firm FRP.
LONDON, HENLEY ON THAMES, UK, January 10, 2022 /EINPresswire.com/ --
Update for Club La Costa timeshare claimants from official administrators, FRP
Positive developments regarding claims against Club La Costa (CLC)
Club La Costa timeshare claimants recently received an update letter from the official CLC administrators. As readers may be aware, CLC filed for administration and that process is now being handled by world leading accountancy firm FRP.
FRP is the creditors' choice and M1 Legal spent over £100,000 to support have them appointed, replacing the previous firm BDO.
The claims of hundreds of compensation claimants, have since been officially acknowledged by FRP as creditors in the CLC administration. This is a major milestone for the compensation journey.
Claimants received another boost recently when FRP was granted an extra 12 months to drill down into CLC's complex finances
The other great news for CLC timeshare claimants is that this administration takes place in the UK, thus avoiding the labyrinthine and ponderous Spanish legal system.
M1 legal is co-ordinating to represent claimants best interests with FRP. This
involves expending substantial resources, both financial and in terms of work by the M1 lawyers. Even though FRP is managing the administration, the lawyers of M1 Legal are still working at full capacity supporting FRP by providing information concerning CLC assets, as well as maintaining additional actions in the Spanish courts.We are confident that FRP are perfectly positioned to secure funds for the creditors M1 Legal represent. Their relationship with FRP is excellent and all of the meetings with them have been reported positive and productive.
If you are a Club La Costa owner and have not received an official notification from the administrators or are not sure whether you are eligible to be part of the administration proceedings, feel free to get in touch with our team at European Consumer Claims (ECC) for a free, confidential and informative talk.
Many other European timeshare companies are currently failing as seen here in the Mail On Sunday. If you are members of a struggling resort and unsure how to protect your interests, you are also welcome to get in touch with us
Related links
Festive joy for Club La Costa compensation claimants as administration window extended by 12 months
Successful High Court application as administrator BDO replaced, in timeshare giant Club La Costa's ongoing administration scandal
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E: (for client enquiries) EUROPE: info@ecc-eu.com USA: info@europeanconsumerclaims.com
T: EUROPE: +44800 6101 512 / +44 203 6704 616. USA: 1-8777 962 010
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