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With an over-indebtedness of about three million euros, the German mechatronics company AME went bankrupt on Tuesday. 128 creditors and 15 employees are involved
Bankruptcy is attributed to two major projects in Croatia and Hungary with a project volume of about 2.9 million euros. According to the Western Styrian manufacturer of hollow concrete block machines, solid blocks, pavers and sidewalk curbs, customers have unjustifiably withheld installments of at least 0.4 million euros.
As a result, AME could no longer honor its current payment obligations. The liability amounts to approximately 4.34 million euros, which could increase to around 7.37 million euros in the event of closure due to costs and claims for damages from the banks. customers. Assets are valued at around 1.2 million euros, although these also relate to outstanding debts.
Continuation requested
The company is now destined to continue – also under the badumption that currently six contracts in existence exist, The current financial plan and to verify presents positive results for the coming months .
A restructuring plan must be concluded with the creditors. Currently, there is only the minimum offer of 20% payable within two years, as announced by the credit counselor AKV
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