More company bankruptcies in Saxony in 2023

More company bankruptcies in Saxony in 2023

Dresden/Frankfurt – The energy crisis, sometimes exploding material costs and significantly increased interest rates are driving more and more companies into bankruptcy, including in Saxony. According to estimates by Creditreform, the insolvency rate, i.e. the number of bankruptcies per 10,000 companies, is 57 in the current year. In the previous year the value was 45, … Read more

German Hospitals Struggle to Pay Christmas Bonuses as Financial Situation Worsens

German Hospitals Struggle to Pay Christmas Bonuses as Financial Situation Worsens

Financing via loans Many clinics cannot pay Christmas bonuses November 12, 2023, 10:08 p.m Listen to article This audio version was artificially generated. More info | Send feedback The financial situation of hospitals in Germany is even more tense than feared. A survey shows that almost two thirds of clinics cannot afford Christmas bonuses for … Read more

Financial Struggles in German Hospitals as Christmas Bonuses Can’t Be Paid

German Hospitals Struggle to Pay Christmas Bonuses as Financial Situation Worsens

Financing via loans Many clinics cannot pay a Christmas bonus November 12, 2023, 10:08 p.m Listen to article This audio version was artificially generated. More info | Send feedback The financial situation of hospitals in Germany is even more tense than feared. A survey shows that almost two thirds of clinics cannot afford Christmas bonuses … Read more

Trouble in Paradise: The Threat of Bankruptcy for Entrepreneur René Benko

Trouble in Paradise: The Threat of Bankruptcy for Entrepreneur René Benko

Is entrepreneur René Benko threatened with bankruptcy? The insolvency administrator Arndt Geiwitz would be ready. Geiwitz from Ulm became known through his work on the bankruptcy of the Schlecker drugstore chain. His spectacular cases also include the ongoing difficulties at the Galeria Karstadt Kaufhof department stores, from which René Benko wanted to form a successful … Read more

Rene Benko’s Empire in Jeopardy: Uncertainty Surrounding His Real Estate Holdings in Munich

Rene Benko’s Empire in Jeopardy: Uncertainty Surrounding His Real Estate Holdings in Munich

René Benko’s empire is in danger of collapsing. The Austrian entrepreneur also owns real estate in Munich. What will become of these now? After the online shop Tennis-Point filed for bankruptcy, the parent company Signa Sports United NV (SSU) from the Signa Group also filed for bankruptcy last Friday. Work on Hamburg’s Elbtower has been … Read more

AWO OWL Submits Application for Self-Administration Insolvency Proceedings

AWO OWL Submits Application for Self-Administration Insolvency Proceedings

The AWO OWL submitted an application for self-administration proceedings on Wednesday. The employees have been informed about the current situation. Stefan Becker Oct 4, 2023 | Updated 57 minutes ago Bielefeld. The financial restructuring of the ailing Workers’ Welfare District Association of Ostwestfalen-Lippe eV (AWO-OWL) is entering the decisive phase: In order to avert the … Read more

Air Berlin Brand Sold to Sundair Founder Six Years After Bankruptcy

Air Berlin Brand Sold to Sundair Founder Six Years After Bankruptcy

Six years after bankruptcy, the Air Berlin brand has a new owner 08/15/2023 1:27 p.m As the largest German airline, Air Berlin had to file for bankruptcy in 2017 and cease flight operations. Six years later, the brand is now changing hands: Sundair founder Rossello paid around 120,000 euros for the name. There are already … Read more

Škoda Auto at Risk: Relocating Enyaq Production, Mortgage Opportunities, Chef Pohlreich’s Insolvency, and More – E15 Weekly Recap

Škoda Auto at Risk: Relocating Enyaq Production, Mortgage Opportunities, Chef Pohlreich’s Insolvency, and More – E15 Weekly Recap

Škoda is at risk of losing its flagship electric car. The Germans are seeking to relocate the production of enyaqs. Thousands of deferred mortgages are given a chance, banks allow clients to pay most of their wages. Millions for lawyers – the king of chefs Pohlreich sent the company into insolvency, closed a year-long dispute. … Read more

Financial Troubles Mount for Jaromír Soukup and Agáta Hanychová: The State of Their Media Empire

Financial Troubles Mount for Jaromír Soukup and Agáta Hanychová: The State of Their Media Empire

4 Jaromír Soukup, Agáta Hanychová Jaromír Soukup Méde’s flagship company has been facing enormous financial difficulties in recent months. According to Aleš Borovan, a recognized expert on the media market, the media magnate is definitely not looking forward to better times. Jaromír Soukup’s name has been mentioned in recent months mainly in connection with the … Read more

Sale Chaos at 23 Kika/Leiner Locations: Security Ensures Smooth Operations

Sale Chaos at 23 Kika/Leiner Locations: Security Ensures Smooth Operations

The sale at 23 kika/Leiner locations has in many places caused chaos. Security companies are now taking care of bargain hunting. The announced restructuring process without Self-administration at the furniture chain kika/Leiner was opened on Tuesday at the regional court in St. Pölten. Meanwhile, the branches of bargain hunters continue to be stormed. In some … Read more