Shock for Kikaleiner customers: Insolvency proceedings ensure uncertainty!

Shock for Kikaleiner customers: Insolvency proceedings ensure uncertainty!

St. Pölten, Österreich - The situation around the insolvent furniture chain Kika/Leiner is becoming increasingly threatening for the customers concerned. In the past few weeks, numerous branches have had to be temporarily closed because the rush became too large due to the total sales. The final closure of the business is planned at the end of January 2025, and the Kikaleiner restaurants are no longer open, according to the company. According to the information from noe.orf.at , the number of payments concerned is estimated between 10,000 and 20,000. Customers who have made payments for kitchens or furniture before insolvency must now be prepared for having to register their claims in the bankruptcy proceedings.

Details on bankruptcy and customer claims

The mass administrator Volker Leitner has informed affected customers in a letter, but remains quiet in public for inquiries regarding the down payments and the further procedure. The bankruptcy proceedings are a non -public procedure and concrete information about the repayment rate is still unclear. According to bankruptcy expert Karl-Heinz Götze, a repayment of a maximum of a "single-digit percentage" is expected for customers. This happens in a context of great uncertainty, since the employees of Kika/Leiner are also affected by unemployment and currently there are no exact plans for a labor foundation, as reported.