Cancel your purchase agreement: Free legal advice


Questioner

In 2011 I signed a preliminary purchase agreement for an apartment. The party with whom I concluded this has since gone bankrupt. The agreement was never passed (it was scheduled for December 2011) and to date no new date has been communicated. In the meantime, most of the apartments have been delivered, except for those who have not yet passed at the notary. I would like to dissolve that agreement in order to withdraw from the purchase. Is this possible? If so, how?

Lawyer

The question is: what does the agreement say about, among other things, the delivery period and termination options? Does it contain fatal terms or not? I advise you to contact one of the lawyers here directly for further advice, e.g. via the 'direct contact' link that you see with this answer when you are logged in.

Lawyer

You can ask the trustee of the bankrupt company whether he wants to honor the purchase agreement (that is: still wants to fulfill it), or not. In the first case, the trustee will still have to deliver, in the latter case you can dissolve the agreement. I would advise you to discuss this with a bankruptcy law attorney, because bankruptcy law contains all kinds of special rules that differ from what normally applies. Our insolvency law specialists will be happy to assist you with this if required.

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