Austria: Creditors of DiTech Faced With Total Losses

CompaniesRetail & Consumer ♦ Published: May 12, 2014; 22:29 ♦ Updated: May 13; 10:55 ♦ (Vindobona)

The Austrian computer equipment retailer has filed for insolvency proceedings at the end of March.

DiTech: Prospects for creditors of being returned investments are “disastrous”. / Picture: © Ditech

On Tuesday, the examination hearing at the Commercial Court in Vienna will take place. According to credit protection association KSV 1870, the prospects of being returned their investments were “disastrous”. So far, 522 creditors have filed claims in the total amount of € 36.9m of which € 24.7m were approved by the insolvency administrator.

The Austrian computer…