The Austrian investor René Benko is a sole proprietor insolvency Registered. This was confirmed by a spokeswoman for the Innsbruck regional court. A judge is expected to rule on the request in the coming days, she said. Reports that Benko had filed for so-called personal bankruptcy are incorrect.
Like the Austrian one default
As explained, from a strict legal point of view it is not a purely personal insolvency, because in the event of such an insolvency the relevant district court would have jurisdiction. Benko has filed for personal bankruptcy as a sole proprietor, in which he is also liable with all of his assets. This makes little difference to the practical handling of the insolvency proceedings, the newspaper reports. In the worst case scenario, he is threatened with the exploitation of his private assets. The Reuters news agency reported that as a sole proprietor, Benko also had the opportunity to apply for restructuring proceedings.
After an application for insolvency was filed by the state at the end of January, Benko has now submitted his own application to the court, he wrote default citing the real estate entrepreneur’s lawyer. The original application from the Austrian financial procuratorate was based primarily on outstanding tax claims.
The most important parts of the Signa real estate and trading group built by Benko are insolvent. The company network, which also includes the Galeria Karstadt Kaufhof department store group, was faltering due to increased interest rates, construction costs and energy prices.
Galeria boss Olivier van den Bossche wants to keep the department store group with around 15,000 employees and is looking for a new owner. A spokesman for the insolvency administrator announced on Thursday that there were in-depth discussions with several interested parties. Binding offers should be submitted by March 22nd.
The Austrian investor René Benko is a sole proprietor insolvency Registered. This was confirmed by a spokeswoman for the Innsbruck regional court. A judge is expected to rule on the request in the coming days, she said. Reports that Benko had filed for so-called personal bankruptcy are incorrect.
Like the Austrian one default
As explained, from a strict legal point of view it is not a purely personal insolvency, because in the event of such an insolvency the relevant district court would have jurisdiction. Benko has filed for personal bankruptcy as a sole proprietor, in which he is also liable with all of his assets. This makes little difference to the practical handling of the insolvency proceedings, the newspaper reports. In the worst case scenario, he is threatened with the exploitation of his private assets. The Reuters news agency reported that as a sole proprietor, Benko also had the opportunity to apply for restructuring proceedings.