Kika/Leiner bankruptcy! Customers fight for their lost down payments!

Kika/Leiner bankruptcy! Customers fight for their lost down payments!

The Kika/Leiner furniture chain, which has had massive financial problems in recent years, is now in a serious bankruptcy proceedings. After the company went through various changes in ownership in 2023, including a sale of Rene Benkos Signa to Graz Supernova, Kika/Leiner reported bankruptcy. According to the insolvency administrator Mag. Volker Leitner, many customers are affected who cannot receive their down payments. According to the insolvency regulations, these funds may not be rejected for the time being, which leads to great uncertainty. Customers can register their applications as bankruptcy claims at the St. Pölten Regional Court, but many clients are dissatisfied with the situation and express their displeasure towards the company's employees who are considered victims, such as vienna.at reported.

urgent decisions are on

The crucial examination of whether the company continued sustainable is still pending. As part of this examination, it is also determined whether the renovation plans can be maintained. If this does not succeed, a connection bankruptcy threaten, which would result in a significantly lower repayment rate for the creditors. The next meeting of the insolvency administrator is scheduled for January 17th, and the requested renovation plan will be voted on on February 21. By January 10, 2025, creditors have informed their claims to the court, such as Arbeiterkammer.noe.at In the meantime, Kika/Leiner has to close 23 out of 40 branches in the course of the first renovation measures, which further exhits the market conditions.