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Festiva St. Maarten

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  • Festiva St. Maarten

    I participate in the Equivest-Peppertree Group on Yahoo. Festiva purchased our system from Wyndham a year ago. An owner at the Festiva Atrium resort in St. Maarten posted the below bankruptcy notice regarding Festiva Resorts Int. N.V. on our Yahoo forum. The owners of the timeshare intervals at Atrium have a lawsuit against Festiva over maintenance fees. I assume this bankrupt company is an affiliate of Festiva Resorts.

    NOTICE OF BANKRUPTCY
    By decision d.d. June 16th, 2008, the Court in First
    Instance of the Netherlands Antilles, St. Maarten,
    declared the bankruptcy of
    FESTIVA RESORTS Int. N.V.
    appointing mr. R.W.J. van Veen as delegated
    judge and mr. F. T. Hiemstra as trustee.
    Date, time and place for the first creditors' meeting
    are still to be set. All creditors are herewith
    requested to submit their claim against Festiva
    Resorts Int N.V. to the trustee in writing and with
    submission of evidence of the claim ultimately on
    July 31 2008, at the following address.
    mr. F. T. Hiemstra, Trustee
    HBN Law
    W.G. Buncamper Road 33
    Philipsburg, St. Maarten
    Phone: +599 542 22 72
    Fax: +599 54243 81

  • #2
    That sounds bad for the owners. The scammers at Fairfield/Wyndham also used the bankruptcy ploy against the HOA lawsuits at Bluebeard's Castle in St. Thomas. You couldn't give me a week at a resort managed by those slimeballs.

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    • #3
      Originally posted by Carolinian View Post
      That sounds bad for the owners. The scammers at Fairfield/Wyndham also used the bankruptcy ploy against the HOA lawsuits at Bluebeard's Castle in St. Thomas. You couldn't give me a week at a resort managed by those slimeballs.

      A post on Streettalkbolg indicates that the bankruptcy was forced by a judge. St. Maartin law differs from US law and, apparently if a judge feels a company isn't meeting it's obligations the judge can declare the company bankrupt. Supposedly Festive appealed the judges decision but lost the appeal.

      I have no idea if this is correct or how things work on St. Maartin. I'm only paraphrasing what I had read somewhere else.
      Our timeshare and other photo's at http://dougp26364.smugmug.com/

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