I assume that by now you will all have heard that PW have made a legal application in connection with bankruptcy.
I do not understand exactly what is involved and think it will be some time before we know the implications not only for Terrazas but for all the PW resorts.
I suppose that it is just possible that the will successfully renegotiate their debts and find a way out of the apparent problems.
That said perhaps the best thing we can do at present is to seek advice from our respective solicitors based on our individual circumstances as I suspect there isn't a one size fits all answer.
It will be a nervous time waiting for things to develop, one thing is certain, we are unlikey to hear anything directly from Polaris World.
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