As expected, insolvency proceedings for the Heinzungsbauer Windhager were opened at the Salzburg Regional Court on Monday. More than 500 creditors are likely to be affected by the traditional company’s $1 million bankruptcy.
On Monday, non-self-administration insolvency proceedings were opened at the Salzburg Regional Court for two companies of the bankrupt heating engineer Windhager. Creditors of the Seekirchen-based company can expect a 20 percent quota, provided their debts are not covered.
According to the opening filing, the debts are likely to amount to around 78 million euros. About 500 creditors are likely to be affected by the bankruptcy, the report said. According to the Alpine Creditors Association (AKV) and Kreditschutzverband 1870 (KSV), debts in the production company are likely to amount to approximately 78.2 million euros and in the sales subsidiary 8.2 million euros, while assets amount to approximately 21.4 million euros respectively. million euros. The number of affected creditors is approximately 354 in the production company and approximately 150 in the sales and service company.
The applicant’s proposed restructuring plan currently provides for a quota of 20 percent within two years. This is the legal minimum requirement.
Third company bankrupt
In both cases, creditors have until March 20 to register their claims. An exam interview and announcement about the further procedure is planned for April 3.
Meanwhile, another company within the company, Windhager Logistik GmbH, was declared bankrupt today. In this case, restructuring is unlikely, according to the Credit Protection Association 1870 (KSV).
Source: Krone
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