What Can Bayer Construct Home Buyers and Creditors Do During the Bankruptcy Proceedings?
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The National Reorganization Nonprofit Ltd. will now oversee the companies' finances. The post The government classified the bankruptcy proceedings of Bayer Construct as strategically important first appeared on 24.hu.
The bankruptcy proceedings and lawsuits that were initiated against Bayer Construct a few days ago have sparked speculation about the fate of the company. We previously wrote about the bankruptcy proceedings here and here , and Bayer's reaction can be read here . Bayer Construct's bankruptcy proceedings may go beyond an average corporate insolvency case due to the size of the case, the number of subcontractors and home buyers involved, and the p…
Bayer Construct filed for bankruptcy proceedings with the Budapest Regional Court on August 26, and the court granted the company a temporary payment moratorium the following day. ZVK Development Kft., a member of the group, has chosen the same path. But what consequences could this have for home buyers and subcontractor creditors? We investigated this with the help of an expert.
Thanks to a Fidesz rule, the Tisza government could classify the bankruptcy of Bayer Construct as of strategic importance, which would give it the right to pre-empt in future liquidation.
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