Another thing I find strange is how the banks continue to service his debts considering he financial position as stated in the statement of affairs he published yesterday. Maltese banks are not known to continue financing clients who can only repay their debts by selling of assets. Are the banks privy to a different statement of affairs?

You are right, but at least it had a leader of principle who gave his all to fight corruption. Delia has said already that he will not fight Labour over corruption.

Anyways. a quick look on remax site a similar house is valued at 950K. Now we all know that in that price is a neat 5% commission for the agent. That means Hes valued the rest of the properties at 500K. I would imaging that 120+121 are the main house with a small interconnecting garage (probably fits 2 cars ne in front of the other at best. Typical remissa) 122 is probably the next house which was converted as part of the main. That makes it a large 6 bedroom. Anyways those houses typically had interconnecting rooms which I personally hate … but I guess you have to put 6 children somewhere. Assuming I am right about 11 and 12 That house is not worth more than 1.3K

These houses put together like this have one serious drawback. Total lack of privacy. Unless all neighbors decide to sell cheap while you’re sn bathing by the pool (specifically has to be mid day to avoid house shadows) You have Cetta on a roof smiling and waving at you while she’s hanging her bra.

As an ide. 4 tumoli of land with a skeleton 4 bedroom started in siggiewi with total privacy – 1.1 million on Frank Salt site.

In a fire sale I do believe Dr Delia would recover the 1.7 million he wants for that.

Bear in mind that HSBC, and other Maltese banks for that matter, only these last few years augmented their customer due diligence processes both as a result of recent scandals and new tighter anti-money laundering laws, inter alia requesting breakdown of major client customers and suppliers and respective percentage of business.

Delia’s borrowing I understand happened several years ago when had more specific information been requested by lenders applying today’s benchmarks would arguably have provided better insight to build a clearer customer risk profile.

HSBC’s constitution of debt could be a pressure wielding tool for the chosen Nationa list Party sabotage plan of Labour design to succeed.

It is against accounting principles to account for future profits on a sale before the sale is made.