A woman is set to go on trial at the Alicante Provincial Court, accused of transferring an apartment to her daughter in order to prevent a former business associate from collecting a debt. The prosecution is seeking a three-year prison sentence and a fine of 2,700 euro for the defendant, whom they accuse of a crime of asset stripping.
According to the prosecution’s indictment, the dispute stems from a commercial debt of 102,960 euro that a company managed by the defendant had accumulated with another business. Following court proceedings, the company was ordered to pay the outstanding balance, along with an additional 30,000 euro to cover interest and legal costs.
During the subsequent execution process to enforce the payment, authorities discovered that the debtor firm held no assets or funds in its bank accounts. However, investigators noted that the defendant owned an apartment in Alicante in her own name.
In May 2017, the court issued an order declaring the woman personally liable for the corporate debt. Just three months later, in August 2017, she signed a public deed transferring the ownership of her Alicante apartment to her daughter as a donation, whilst retaining a life interest for herself.
The prosecution maintains that the woman carried out this transfer with the sole intention of rendering herself insolvent and preventing the creditor from seizing the property to settle the outstanding debt. The trial is scheduled to take place in Section Two of the Alicante Provincial Court.
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