Bankruptcy proceedings for Klausner’s US sawmill operations

Bankruptcy proceedings for Klausner’s US sawmill operations
Austrian company Klausner, which began operation in US back in 2015 has filed for insolvency.    Bankruptcy proceedings were opened yesterday at the Innsbruck Regional Court against Klausner Nordamerika Beteiligungs GmbH and Klausner Trading International GmbH on their own application.    According to the Kreditschutzverband von 1870 (KSV 1870), Dr. Stefan Geiler was appointed as administrator for both companies. The creditors' meeting is scheduled for June 3 in both cases, the deadline for filing open claims is May 20.    The reason for the insolvency of Klausner Nordamerika Beteiligungs GmbH, for ...

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