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by PaulM
Mon Feb 07, 2011 10:19 am
Forum: Property Buying/Selling Advice
Topic: Increased Charges at Bulgarian Embassy in London
Replies: 0
Views: 1357

Increased Charges at Bulgarian Embassy in London

Last week, I went to the BG Embassy in London with two clients who are both in the process of selling some of their properties in Bulgaria only to discover that the Consular section is operating a new system. For one general power of attorney, one "selling" power of attorney and the declaration in d...
by PaulM
Wed Dec 01, 2010 1:30 pm
Forum: General Discussion
Topic: Enforcing Contracts - Evidence Required
Replies: 2
Views: 1187

Enforcing Contracts - Evidence Required

I cannot remember how long ago it was that I was told that, in Bulgaria, the most important rule is not to trust anyone. Just as in the UK where we have, at the very least, some basic knowledge of legal matters, most Bulgarians have basic knowledge of their legal system and can - and do - use any lo...
by PaulM
Fri Aug 13, 2010 12:10 pm
Forum: Property Buying/Selling Advice
Topic: closing company but taking car back to UK
Replies: 20
Views: 6009

If your company sells an asset and then distrubutes the proceeds among the shareholders in proportion to their holdings, this is not "embezzlement". The assets of the company ultimately belong to the shareholders. If the sale was not declared as "trade" by the company and the tax of 10% of the diffe...
by PaulM
Tue Aug 10, 2010 2:56 pm
Forum: Property Buying/Selling Advice
Topic: closing company but taking car back to UK
Replies: 20
Views: 6009

Closing the Company and Keeping the Car

The following only applies to companies that have NOT been re-registered. All company re-registrations must be completed by the end of this year (31.12.2010). If this does not happen, the company is automatically deemed to be "in liquidation" and the Bulgarian equivalent of the Official Receiver is ...
by PaulM
Tue Aug 10, 2010 2:40 pm
Forum: Property Buying/Selling Advice
Topic: Apartment in Kranevo - whats it now worth?
Replies: 14
Views: 4580

Apartment in Kranevo

Hi battert28, I am afraid that scot47 is absolutely correct and, to be frank, there is really no-one who I can think of to assist you. The only thing I can do is to suggest that, however terrifying the prospect of bankruptcy may seem, it may well be that you will get to keep your apartment even if i...
by PaulM
Tue Aug 10, 2010 1:33 pm
Forum: Property Buying/Selling Advice
Topic: Outstanding Tax on Land?
Replies: 2
Views: 1509

Tax

Hi nabbott, You don't seem to be quite clear on exactly why it is the Tax Office are saying you have to pay them 2000 BGN. Can you get the agents to scan the demand and email it to you. Under no circumstances should you send any money in respect of an unsubstantiated "demand". There has been fraud. ...
by PaulM
Wed Mar 10, 2010 9:49 pm
Forum: Real Estate Agents
Topic: KARIA Ltd - Varna
Replies: 108
Views: 50276

Hi All, I have been asked to establish Albena Bileva's precise whereabouts so that proceedings to enforce a judgement against her can happen. Recent information I received was that she had returned to her house by Lake Varna. If this is true, perhaps Varnagirl (or anyone else with actual knowledge) ...
by PaulM
Tue Jan 19, 2010 2:22 pm
Forum: General Discussion
Topic: Re-registering your company - important!
Replies: 947
Views: 280332

Hi Kazz, Sorry, no weird and wonderful stories just a note of caution to all those UK owners who have not yet re-registered their companies at the Commercial Agency. When compulsory re-registration came in it was with a time limit for doing it. The period was 3 years from the inception of the proces...
by PaulM
Tue Dec 01, 2009 12:56 pm
Forum: Property Buying/Selling Advice
Topic: HOW NOT TO BUY PROPERTY IN BULGARIA!!
Replies: 489
Views: 158419

I am aware of the "people" mentioned in recent posts in this thread and last year assisted a client in "rescuing" his documents from them. There are often problems in bringing successful proceedings in BG courts because of the very different way in which they operate in processing civil claims. For ...
by PaulM
Tue Dec 01, 2009 12:25 pm
Forum: Real Estate Agents
Topic: DreamHome.bg
Replies: 44
Views: 27296

Real Estate Agents - Civil Proceedings in Bulgaria

For many reasons, I have not been able to keep up to date with happenings in the forums and have only just managed to read through Rachel's troubles in the Varna Court. I should like to explain that the reason why it is that UK (and other foreign buyers) are so often left without legal redress is be...

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