Salzburg Regional Court: Renovation plan accepted by model house park Eugendorf
Today, the bankruptcy creditors unanimously accepted the reorganization plan application for the Eugendorf show home park at the regional court.
EUGENDORF, SALZBURG. According to the Alpine Association of Creditors, the Salzburg Regional Court voted today on the reorganization plan application from Musterhauspark GmbH, Musterhauspark 1, 5301 Eugendorf.
20 percent quote
The reorganization plan application that the debtor submitted or modified before the reorganization plan meeting has the following content:
The insolvency creditors receive a restructuring plan quota of 20 percent on their insolvency claims, payable at most within two years of acceptance of the restructuring plan.
Adopted unanimously
By the time of the hearing, claims totaling EUR 15,217,848.08 had been filed by around 70 creditors in the proceedings. The restructuring plan was unanimously accepted by the insolvency creditors present at the restructuring plan meeting.
However, the judicial confirmation of the restructuring plan is still dependent on the clarification of some notebooks with the financing banks and other major creditors. The written confirmation of the agreement must be submitted to the court by 12/21/2022, otherwise the confirmation would be denied. However, the debtor and the bankruptcy administration are confident that the forward contract and the restructuring WILL be successful.
Should the confirmation be denied, Musterhauspark GmbH would cease its business operations and the existing assets would be sold. In this scenario, the creditors would only receive a minimum quota in the low single-digit percentage range – if at all.
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