Jihlava, November 6 (CTK) – District Court of Brno opened a bankruptcy case at PSJ, a joint-stock company based in Jihlava. The bankruptcy proposal was transferred by the construction company for the second time. However, in the first case, another creditor already addressed by the court prevented the proposal. This procedure is stopped. The new bankruptcy proposal was presented by PSJ this week. The company said bankruptcy in the form of secondary bankruptcy. It records 1464 creditors with CZK commitment of 1.588 billion. This is due to the data published in the bankruptcy book.
The company stated that the first proposal was considered by law only as a bankruptcy proceeding and the status of the transaction was valid. "So the borrower is now effectively prevented from offering a bankruptcy proposal," a new proposal said. So the PSJ repeated the filing and claimed that the court had decided to go bankrupt. The only shareholder is PSJ Holding based in Amsterdam.
PSJ, a.s., deals with general building materials. The court said the financial losses in contracts abroad and in the Czech Republic and the negotiations on finding a suitable financial partner have failed. According to the bankruptcy proposal, the total assets have a value of CZK 1,857 billion. Net turnover in the last accounting period was 3.987 billion CZK.
The blockage of the bankruptcy process made it difficult for the company to be in a situation, according to the PSJ's press release on Monday; The first bankruptcy petition was filed by PSJ in the first half of September. A man who claimed that PSJ owed him 200,000 CZK passed through Ukraine. The firm claimed that this claim was controversial.
. We found ourselves without the legal protection of the borrower, uk said PSG spokeswoman Miroslav Fuks. Many of our customers have stopped paying their loans, while the company continues to maintain its expenses, including fees. Rehn added that the Board of Directors' proposal is not linked to a proposal for reorganization. September bankruptcy proposal that the company employs 268 people, he said.