Tuesday, 1 December 2009

Embargo from Social Security



When a person or a company does not pay the social security, usually they get in touch with the clients of that company, asking them not to pay the bills to the debtor, but to the social security directly. This process is called "embargo de créditos", something like "seizure of credits". The social security (and the Tax Office), know the clients of everybody because we all have to make a yearly tax declaration of our clients and suppliers about 3.000 euros per year.


Because of the above, we have known that San Antonio Property, SL owes 234.000 euros to the Social Security, and they are notifying some owners in Finca San Antonio about this. This will not make you pay anything else, it only means that, in case you owe money to San Antonio Property for any reason, you should pay this money directly to the Social Security.. So, if you get a registered letter from the Social Security, please don't panic.

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