Transmontagne builds buy to let properties in the mountains - largely France, Switzerland and Eastern Europe. They have a lot of UK leaseback investors and have not been paying rental income since Christmas... now they have gone into receivership with debts of 8 million euros.
http://pistehors.com/news/ski/comments/074...agne-goes-bust/
The leaseback investment has basically been sold as free money part financed by the French taxpayer through a range of tax breaks. Now some investors risk losing their shirts.