Commerzialbank’s bankruptcy now has long-term consequences for the company that was the bank’s accountant for a long time.
After the banking scandal became known, TPA came under enormous criticism and the publicly battered accounting department was continued under the new name Pro Revisio Wirtschaftsprüfung und Steuerberatung GmbH. According to KSV1870, bankruptcy proceedings have now been opened at the Vienna Commercial Court. 15 employees and about 80 creditors are affected.
claims for compensation
According to the credit protection association, the bankruptcy of the company is directly related to the bankruptcy of Commerzialbank. There are therefore claims for damages against Pro Revisio by many injured parties and various civil lawsuits are pending. Although there is no final judgment yet, the claims could amount to 24 million euros.
Income is no longer enough
“Due to these circumstances and the fact that the debtor’s business is declining and, as a result, the ongoing proceedings and representation costs in many proceedings can no longer be covered by the current income, an application for the opening of bankruptcy proceedings had to be filed,” the court said. declaration. the KSV 1870.
Appointment for creditors
Viennese lawyer Stephan Riel has been appointed as curator. Creditors can register their claims until 2 October. The first meeting of creditors will take place 14 days later.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
