Alejandro Sanz and the debt of more than three million dollars for which he was declared in default: What assets could be confiscated from the Spanish singer?

While Alejandro Sanz continues with the “Sanz en vivo” concert tour, the legal problems for the 54-year-old Madrid native are increasing because of a debt of three million euros, or a little more than three million dollars.

Judge María del Rocío Montes, of the Court of First Instance number 47 in Madrid, decided last June that the singer must pay a sum of millions because he did not pay the loan he took from Total Bank of Florida to buy two properties in Miami.

However, almost four months after the verdict Judge declares Alejandro Sanz “rebellious” because he did not make the proper payments, besides being unable to locate the artist in any of his registered properties to give the proper notices, as El Mundo explains.

The proceedings against the artist began in 2019 when the mortgage foreclosure on the said properties acquired in Miami began.

A United States court issued a judgment confirming that Sanz owed $13 million, but the properties were sold for less, leaving three million dollars pending payment.

Since he did not receive an answer from the translator of “Amiga mia”, the court is preparing to confiscate part of his property in order to close the proceedings.

What assets could be confiscated from Alejandro Sanz?

According to Antena 3, Sanz could lose several of his registered trademarks such as “Alejandro Sanz” or “La Fuerza del Corazón Alejandro Sanz”, as well as the shares of his company Alkazul SL, Gazul Producciones SL and its subsidiaries Rosas and Beats SL and New Meloil SL

In other data obtained from World The seizure of the farm of about 32 hectares was also requested. “Dream of the Vine”located in the town of Jarandilla de la Vera in Cáceres.

This very property was put up for sale a few months ago to pay off the debt, but to date it seems to have failed. (AND)