Application for non-autonomous rehabilitation measures!

die DebtorInside

WiCa – Wire & Cable Machinery GmbH (FN 485634v)
7544 Bunits, Bunits 204

Eisenstadt has submitted an application to the regional court to suspend its payments and open restructuring proceedings without self-administration. Proceedings are not yet open. However, KSV1870 expects bankruptcy proceedings to be opened soon.

Company Meaning: The debtor is active in the field of specialized machinery construction in the wire and cable industry, with major focus on basket rope machines, SZ stranders, tube stranders, steel bracket stranders, single layer machines, and rotary unwinders and rewinders.

Affected employees: Currently there are 32 employees. Of these 11 are employees and 21 are labourers.

inactive (Loan Details): EUR 4,200,000, —
Active (Loan Details): EUR 324,000, —
Excessive debt Euro 3,876.000,–

Outlook: In any event, the company will continue to be restructured during bankruptcy proceedings. As far as the company is concerned, renovation activities have already started. successively Redevelopment Plan To complete:

“The company provides one to its creditors Allotment of rehabilitation plan 20%, payable within two years of acceptance. The extent to which this provision is appropriate and achievable will be examined by the yet-to-be-appointed insolvency administrator,” says Peter Stromberger from KSV1870.

Henceforth, creditor claims can be filed through KSV1870 ([email protected])

Questions:

Mac Peter Stromberger
Counsel Insolvencies Vienna/Lower Austria/BGLD.
Tel: 050 1870-8135,
Email: [email protected]

Vienna, 12.08.2024