Insolvency drama: Gössl Gwand GmbH – creditors have to wait for money!

Insolvency drama: Gössl Gwand GmbH – creditors have to wait for money!

“Gössl Gwand GmbH” is facing a decisive turning point in its insolvency. According to information from salzburg.orf.at Creditors can only expect a quota of 20 percent on their claims, over a period of two years, which is significantly below original expectations. However, an initial payment of 10 percent should be made quickly after the restructuring plan becomes legal, followed by installment payments at three-month intervals.

In total, more than 170 claims with a sum of over four million euros were registered, but only around 920,000 euros were recognized by the liquidator. Most of the claims were classified as subordinate because they exist within the Gössl Group. Two more of the company's companies were closed in February of the main year. “Gössl Gwand GmbH” is now taking over the manufacturing activities that were previously carried out by “Gössl GmbH” in order to efficiently bundle all company areas.

Liquidation and Liability

The legal aspects of liquidating a GmbH are complex. According to anwalt.de The liquidator is obliged to protect all creditor interests. In the case of a properly carried out liquidation, neither liquidators nor shareholders are liable for outstanding claims as long as all legal regulations have been observed. Important processes such as the announcement of liquidation and the timely registration of claims must be strictly adhered to. If this care is not taken, both liquidators and shareholders could be held personally liable.

In summary, “Gössl Gwand GmbH” is in a complex liquidation process that not only entails important financial decisions, but also legal responsibilities for everyone involved. The current situation highlights the company's difficult situation and the challenges faced by its creditors.