The Bankruptcy proceedings The laundry group Palmer is according to loan protection on Friday At the regional court of Wiener Neustadt open made. The traditional company had already applied for a renovation process with self -administration on Thursday. The company is to be continued. The creditors are offered a quota of 30 percent, payable within two years from the acceptance of the renovation plan.
Check which branches remain
“The renovation under the renovation will now be examined in cooperation with the debtor, Which branches cost -covering or profitable can be continued“, said Alexander Greifeder from KSV 1870.” In addition, the results of the negotiations with possible investors must be awaited with regard to the financing of the renovation plan offered. ”
AKV creditor protector Cornelia Wesenauer, on the other hand, wants the requested Self -administration “carefully watch”. But it is also central to them how “far the Investor talks Weesauer said to APA. The investor is previously unknown.
No more voucher coins accepted
The laundry dealer has been taking his own since Thursday Green voucher coins no longer. In theory, Palmers could still accept coins until the opening of the bankruptcy, according to the lovers. “But I wouldn’t advise the company,” said Wesenauer and referred to the topic Creditor proposal.
State takes over from Cofag secured loan
Palmers put the application in his bankruptcy application Debt (liabilities) with around 51 million euros And the assets (assets) with EUR 11.50 million. Due to the bankruptcy, a federal GmbH (COFAG) financing agency’s Covid-19 financing agency 14.4 million euros in loan automatically due. According to media reports, the loan is 90 percent secured by Cofag and thus state.
In mid -2024, the Cofag was dissolved and all rights and obligations of the Cofag from funding contracts went unchanged on the federal. On the APA request, the Ministry of Finance did not initially comment on the Causa Palmers credit and Cofag.
Finanzombudsmann brings a lawsuit at FMA
The SME consultant Finanzombudsmann locates many open questions about the Palmers loan allocation including the COFAG WARRANTY and therefore has one Display on the financial market supervision (FMA) brought in. One wanted to find out “whether the minimum standards of the FMA were observed when awarding this loan or whether the bridging loan in the award was paved the way to the bankruptcy of the company”.
The question is, “was that Return of the loan – As part of the forecast at that time – guaranteed or not“, said the consultant. At the time of granting the loan, Palmer had only a cash flow of around EUR 0.2 million.