Insolvency of Mail and Dialog Service GmbH: Creditors receive a 20% quota

Insolvency of Mail and Dialog Service GmbH: Creditors receive a 20% quota

In Hallein, the marketing company "Mail and Dialog Service GmbH" applied for bankruptcy, which concerns around 130 creditors directly. The Credit Protection Association in 1870 states that the company's debt amounts to around 3.5 million euros. This unpleasant situation has caused a sensation in the region because the company has successfully managed for over 30 years and has only recently got into a crisis.

The managing director, Michael Barbier, said that in the course of an audit, considerable problems arose that had severely affected the company's liquidity. Despite these complications, it was announced that the company should be continued after a renovation. 25 employees were withdrawn from the bankruptcy, which makes the situation still precarious.

renovation process and creditor quotas

On October 2, the management applied for a renovation process without self -administration at the regional court. This means that an external supervision is usually used to check the procedure. A repayment of 20 percent of the debts is to be offered to the approximately 130 affected creditors, payable in four installments for five percent over the next two years. This quota regulation could be a certain hope for many creditors to minimize their losses.

Attorney Harald Kronberger from Salzburg was appointed as a mass manager. The first creditor meeting will take place on October 23, while the examination and renovation plan day statute for December 11th is scheduled. Affected creditors have time until November 27 to register their demands. These deadlines are crucial for the further development of the procedure and the support of the creditors.

The bankruptcy of "Mail and Dialog Service" illustrates the difficulties that companies are confronted with in today's economic landscape; Even many years of successful companies can get into an existential crisis through unexpected events. More on this can be read On www.sn.at .