The insolvency proceedings of KTM AG reached an important milestone with the holding of the first meeting of creditors on Friday. The meeting provided an opportunity to take stock of the company’s situation and to define the next steps in the restructuring.
Today was the big day for KTM AG
at the regional court in Ried im Innkreis, with the first meeting of creditors and the report meeting in the insolvency proceedings. The law is clear: in a restructuring procedure with self-management, the creditors must be brought together within three weeks of the start of the proceedings. The goal? Evaluate if
the company must close shop or if it can continue to operate, and especially, if a restructuring plan is viable for all.
The restructuring…
