Tag: Insolvency
Insolvency administrator demands dividends back from major shareholders
Payment service provider Wirecard Berlin, Düsseldorf The insolvency administrator of the former Dax group Wirecard is demanding dividends back from major shareholders. Corresponding letters of repayment were recently sent to…
Bavarian Supply Chamber wants to have the insolvent Quelle construction site completed
Project The Q in Nuremberg The company initially wanted to continue all projects, but then had to file for bankruptcy for the first construction phase of the project in Nuremberg.…
Gerchgroup’s first construction site slips into insolvency
Visualization of “The Q” in Nuremberg The project company for the first construction phase of the construction project has slipped into bankruptcy. (Photo: GerchGroup) Dusseldorf The first project company in…
Wirecard insolvency administrator believes counterfeiting has been proven
Wirecard headquarters in Aschheim near Munich Wirecard collapsed three years ago after 1.9 billion euros from business with customers in Asia, which are said to be in escrow accounts, proved…
Warning house group closes three branches less
Galeria branch in Dortmund The department store is one of the three locations that will not be closed after all. (Photo: dpa) Dusseldorf The department store group Galeria will get…
A default by the USA would have these consequences for the world
US President Joe Biden and Speaker of the House Kevin McCarthy In order for the US Congress to raise the debt ceiling, Biden and McCarthy must find an agreement. (Photo:…
Fashion manufacturer Ahlers files for bankruptcy
Ahlers AG The men’s fashion company and seven subsidiaries go bankrupt. (Photo: Ahlers AG) Herford The economic problems in the German fashion industry are getting more and more companies into…
London court decides on the future of the Adler Group
Dusseldorf The thriller about the Adler Group has reached its temporary high point. After three heated days of negotiations, the London High Court delivered its verdict shortly after Easter: the…
Gerry Weber needs renovation again – branches under scrutiny
Dusseldorf, Munich The fashion retailer Gerry Weber has applied for insolvency on its own responsibility for its German trading subsidiary at the Bielefeld District Court. Although business operations are initially…
Gerry Weber needs renovation again – branches under scrutiny
Branch of Gerry Weber in Berlin The textile manufacturer last filed for bankruptcy in 2019. (Photo: imago images / Steinach) Munich Four years after bankruptcy, the women’s fashion group Gerry…
Bankruptcy as the means of choice? No thank you!
Store closed due to bankruptcy Protective shielding procedures also leave many victims behind, often including landlords of shops. (Photo: imago images/Arnulf Hettrich) At first glance, the term sounds harmless: protective…
Adler Group allowed to dissolve itself: High Court approves reorganization plan
Rolls Building The London High Court has decided on the future of the Adler real estate group. (Photo: Lars-Marten Nagel) Dusseldorf In the fight for its future, the Adler Group…
London High Court has ruled on restructuring plan
Rolls Building The London High Court has decided on the future of the Adler real estate group. (Photo: Lars-Marten Nagel) Dusseldorf In the fight for its future, the Adler Group…
Credit insurer expects greater rise in corporate bankruptcies
Business closure in Cologne Hamburg, Frankfort The credit insurer Allianz Trade expects more bankruptcies in the current year as a result of the recent bank turbulence. For Germany, Allianz Trade…
DIHK President is to take over the insolvent Hahn Airport
Airport Hahn The airport in the Hunsrück is to get a new owner. (Photo: imago images/Aviation-Stock) Frankfurt, Berlin A new investor has been found for the insolvent Hahn Airport. According…
The biggest loser in the Galeria bankruptcy is the taxpayer
Galeria logo in Frankfurt In the course of the insolvency proceedings, the creditors of the department store company have to waive claims in the billions. (Photo: dpa) Dusseldorf, Essen Ultimately,…
Federal Employment Agency calls for future concept for Galeria Karstadt Kaufhof
Closed branch of Galeria Karstadt Kaufhof In the course of the insolvency proceedings, 47 of the currently 129 department stores are to close. (Photo: IMAGO/snowfieldphotography) Dusseldorf, Berlin The Federal Employment…
Hairdressing chain Klier is fighting its way out of the crisis with far fewer branches
But hardly out of one crisis, the next hits the German market leader in hairdressing chains. Inflation, energy costs, war: “The general reluctance to buy is reflected here one-to-one,” reports…
These 52 Galeria branches have to close
Galeria branch in Chemnitz The company intends to close numerous locations in order to make restructuring possible during insolvency proceedings. (Photo: dpa) Dusseldorf, Essen The department store group Galeria Karstadt…
These 52 Galeria branches have to close
Galeria branch in Chemnitz The company intends to close numerous locations in order to make restructuring possible during insolvency proceedings. (Photo: dpa) Dusseldorf, Essen The department store group Galeria Karstadt…