Image: HANS KLAUS TECHT (APA/HANS KLAUS TECHT)
The founder of the Signa Group, Rene Benko, has submitted his own application for bankruptcy. The Tyrolean real estate entrepreneur has filed his own application to open insolvency proceedings “as an entrepreneur,” said the spokeswoman for the Innsbruck regional court, Birgit Fink. According to lawyer Norbert Wess, the application was submitted on Wednesday evening.
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Fink expects the bankruptcy judge to make a decision about the opening either on Friday or at the beginning of next week. The Tyrolean, who was in serious trouble because of the Signa bankruptcy, took action himself. The Finanzprokuratur, as the lawyer of the Republic of Austria, recently filed an application for insolvency against him at the Innsbruck regional court. This week the insolvency judge should announce whether this will be approved or not and whether there will therefore be actual insolvency. A so-called “insolvency opening meeting” took place in mid-February.
- From the archive: Bankruptcy decision on Benko delayed until March
It’s about outstanding financial debts worth millions. This means that not only are significant parts of the Signa Group insolvent, the 46-year-old could also be privately insolvent. For years he was listed by Forbes as a multiple billionaire.
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