Insolvency at Kika/Leiner: What does that mean for your deposits?

Insolvency at Kika/Leiner: What does that mean for your deposits?

Niederösterreich, Österreich - The sales market for the Austrian furniture store Kika/Leiner faces a dark chapter: In November 2024, those responsible re -announced bankruptcy, and there is great uncertainty about the future for both employees and customers. After taking back the renovation plan at the beginning of the month, bankruptcy was officially declared. This led to massive displacements on the part of the customers who turned frustrated to the branches of the branches, such as 5min.at

Maximilian Eder, lawyer of the Association for Consumer Information (VKI), illuminates the rights of customers who have already made down payments. The insolvency administrator is currently checking whether he enters existing contracts, which would mean for customers that they will still receive their orders if they are willing to pay the full price. Unfortunately, according to Eder, however, it is unlikely that this will succeed in many cases. Customers may have to file for claims, whereby a fee of 25 euros is incurred, such as consumer.at . The deadline for the registration of claims is set on January 10, 2025.

risks in down payments

In the current situation, experts warn consumers of making down payments because the probability is high to receive only part of the money. Eder also points out that insolvency law generally does not take any hardship cases into account, such as caused by floods. In addition, he emphasizes that some down payments may be protected by special guarantees, which in certain cases could enable reimbursement of up to 100 percent. However, this was beyond the usual practice, and reality often looks different.