Wednesday , January 20 2021

The court initiated the insolvency of the PSJ, on the proposal of the company itself

Jihlava, November 6 (CTK) – The Brno Regional Court opened a tender process in a joint-stock company PSJ headquartered in Jihlava. The insolvency proposal was handed over by the construction company for the second time. In the first case, however, he prevented the proposal of another creditor, which had already been dealt with by the court. This procedure has been stopped. The new insolvency proposal was presented by PSJ this week. He declared that the company is bankrupt in the form of secondary insolvency. You registered 1464 creditors with commitments of CZK 1,588 million. This results from the data published in the insolvency register.

The company declared that its first proposal was, by law, only considered as a bankruptcy procedure and its processing. "Thus, the debtor was effectively prevented from presenting an insolvency proposal at this time," he said in a new proposal. Therefore, the PSJ repeated the presentation and suggested that the court decide on its bankruptcy. Its sole shareholder is PSJ Holding, based in Amsterdam.

PSJ, a. S, deals with building materials in general. The court said the financial loss suffered by contracts abroad and in the Czech Republic and negotiations to find a suitable financial partner were not successful. The value of its total assets is CZK 1,857 million according to the tender proposal. Net turnover in the last accounting period was 3,987 million CZK.

According to the press release on Monday of the PSJ, blocking the insolvency process made it difficult for the company to be in a situation; The first insolvency application was filed by the PSJ in the first half of September. It was passed by a man from Ukraine, who claimed that PSJ owed 200,000 CZK. The company claimed this claim as controversial.

"We find ourselves without the legal protection of the debtor," said Miroslav Fuks, spokesman for the PSJ, in a statement that many of our clients stopped paying the loan and continued to cover their expenses, including salaries. He added that the proposal of the Board of Directors was not linked to a proposal to authorize a reorganization. In the September insolvency proposal, the company said it used 268 people.

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