Insolvency drama: Signa Prime with 296 million euros in debt in Vienna!

Insolvency drama: Signa Prime with 296 million euros in debt in Vienna!

Wien, Österreich - The "Signa Prime 2019 two AT GmbH", a subsidiary of insolvent Signa Holding GmbH, went into bankruptcy today. According to a notification of the KSV1870, the company's liabilities amount to around 296 million euros, which mainly result from liability. This was announced in a broadcast, in which it is also emphasized that the company no longer performed operational activities and therefore rely on financing by the parent company. The Viennese lawyer MMAG. Michaela Tschiderer was employed as an insolvency administrator. In addition, affected creditors are asked to register their claims by January 30, 2025 at the Vienna Commercial Court. The reporting and examination day statute will take place on February 13, 2025, as 5min.at reports.

liabilities are long-term financial obligations of a company that are usually accounted for in accordance with the IFRS standards (International Financial Reporting Standards). This accounting takes place if the company is legally bound to the obligations and they are repaid if the debts are paid or sold. A special aspect in the evaluation is the handling of foreign currency liabilities, which will take the balance sheet as the cash course of the business incident or the average course of a period. In the case of Signa Prime, the deadline for creditor registrations and the upcoming appointments for checking the liabilities are particularly important, since they are directly connected to the financial renovation of the company. Details on this were explained in a further analysis of Haufe.de