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

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

The "Gössl Gwand GmbH" faces a crucial turn in bankruptcy. According to information from Salzburg.Orf.at , the creditors only expect a quota of 20 percent to their demands, which is significantly below the original expectations over a period of two years. However, initial payment of 10 percent should quickly flow according to the legal force of the renovation plan, followed by installment payments at three months.

In total, more than 170 claims with a total of over four million euros were registered, but only around 920,000 euros were recognized by the mass manager. Most claims were classified as subordinate because they exist within the Gössl group. As early as February of the main year, two other companies of the company were closed. Now the "Gössl Gwand GmbH" takes over the manufacturing activities that were previously done by "Gössl GmbH" in order to bundle all corporate areas efficiently.

Liquidation and liability

The legal aspects of the liquidation of a GmbH are complex. According to Anwalt.de is obliged to protect all of the believer's interests. In the case of a properly carried out liquidation, neither liquidators nor partners are liable for open claims, provided that all legal regulations have been observed. Important processes such as the announcement of liquidation and the timely registration of claims must be strictly observed. If this care is disregarded, both liquidators and a partner could be personally liable.