Bankruptcy of Alejandro Sanz: He has to pay three million dollars after defaulting on a loan to buy real estate in Miami and now faces the seizure of his property in Spain

Many situations indicate that the singer Alejandro Sanz is going through a difficult period. In addition to the psychological problems faced by the interpreter of “My loneliness and I” and the recent separation from Rachel Valdés, the artist is not going through a good financial moment, to which is also added a penalty for paying a debt of three million dollars.

The Spanish singer started the first alarm that worried his fans on May 26 with a message on his Twitter stating that “I’m not well”.

Then he announced the divorce of his partner for the last three years, and later the paparazzi Jordi Martin He revealed on his YouTube channel the alleged financial problems he will go through, which will lead him to bankruptcy after being scammed by someone who claimed to be his friend.

Why are they condemning Alejandro Sanz to pay three million dollars?

In the wake of the announcement of Universal’s switch to Sony Music, LOC’s El Munda is now sharing exclusive material it had access to that explains why Alejandro Sanz he has to pay three million dollars.

According to what the Spanish media reports, Judge María del Rocío Montes, of the Court of First Instance number 47 in Madrid, ordered the execution of the sentence obliging the artist to comply with the payment of one million dollars.

Alejandro Sanz and his breakup with Rachel Valdés plus the alleged financial crisis, these would be two reasons for the singer-songwriter’s emotional decline

Court decision to which he had access locas stated in the announcement, it expresses the belief of Alejandro Sanz to end the process that started in the court of Miami for the non-payment of two properties that he acquired in the United States through various loans from Total Bank of Florida.

The 54-year-old artist stopped making the proper payments, racking up more than $11 million in debt, which led to the properties being put up for auction and managed to sell for just over $9 million, less than what they should have been.

In this sense, Sanz must answer for the remaining amount, which will be covered by the seizure of part of his property in Spain.

The judgment passed by a court in Miami It was published on September 28, 2020, but due to the lack of response from Alejandro Sanz and his representatives, the request was forwarded to the Spanish Prosecutor’s Office to confirm the American sentence and initiate proceedings against the artist in his country.

In this way, Alejandro Sanz has to respond with his property, which is why the seizure of several of the artist’s properties is requested, including the 32-hectare farm “El sueño de los parrales”, located in the town of Jarandilla de la Vera, Cáceres.

The newspaper ABC reveals that the singer left the sale of this property worth at least three million euros to a real estate expert, which is the equivalent of slightly more than three million dollars.

At some point in 2019, Sanz isolated himself for 30 days in this “natural sanctuary”. He did so accompanied by his musicians to complete the final details before embarking on a tour of his piece called “El disco” at the time, he said. Opportunity in one of his publications on YouTube, after having access to the property that the artist must now part with. (AND)