• Tue. Jul 2nd, 2024

Millions in Debt: Popular Home Technology Company Declares Bankruptcy

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Jul 2, 2024

The assets of HMI Anlagenbau GmbH were undergoing a restructuring procedure in 2023, but this was terminated after a restructuring plan was accepted. Unfortunately, due to late payments from clients on large construction projects and a lack of new orders, the company has been forced to file for bankruptcy. This has resulted in the opening of bankruptcy proceedings for HMI Anlagenbau GmbH, affecting 39 employees in total.

KSV1870 and Creditreform have reported that the company specializes in gas, plumbing, heating, refrigeration, and air conditioning technology, as well as operating an engineering office for building services. The estimated debt for the company stands at 10.6 million euros. There are no plans to continue operating the company, as no new orders are expected in the foreseeable future. In fact, the company has already indicated that it will agree to a closure, according to Creditreform.

It is a challenging situation for both the company and its employees, with the future looking uncertain. The financial struggles faced by HMI Anlagenbau GmbH have unfortunately led to this decision to file for bankruptcy.

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