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ZHOGHOVURD: ARMENIAN GREENHOUSES TO BE AUCTIONED OFF OVER DEBTS
09:15 * 14.11.14
The Armenian Justice Ministry's Compulsory Execution Service of
Judicial Acts has reportedly put 18 greenhouse economies to auction.
The starting prices is said to be 22,225,725 Drams ($53,514).
Citing its sources, the paper says that greenhouse owners pawned
their property in one of the banks last year after suffering losses
and accumulating debts, but that apparently was no use as none of
them paid off the loans afterwards. The bank later filed a lawsuit
with a demand to confiscate its debt, and its appeal was eventually
satisfied, according to the paper.
Armenian News - Tert.am
09:15 * 14.11.14
The Armenian Justice Ministry's Compulsory Execution Service of
Judicial Acts has reportedly put 18 greenhouse economies to auction.
The starting prices is said to be 22,225,725 Drams ($53,514).
Citing its sources, the paper says that greenhouse owners pawned
their property in one of the banks last year after suffering losses
and accumulating debts, but that apparently was no use as none of
them paid off the loans afterwards. The bank later filed a lawsuit
with a demand to confiscate its debt, and its appeal was eventually
satisfied, according to the paper.
Armenian News - Tert.am