The bankruptcy of the customary Munich company Sportscheck is comparatively light. Now it is clear how much the damage is.Munich – The creditors of the insolvent retail chain Sportscheck can breathe a sigh of relief: they receive about two thirds of their demands, as insolvency administrator Axel Bierbach now announced.
“It was also decisive that by continuing most houses and the rapid reorganization of the abandoned location of Sportscheck at the headquarters in Munich, the damage from the landlord was much lower than initially assumed,” explained the insolvency administrator. In the case of bankruptcies, creditors usually go out almost empty – the usual quota for insolvency proceedings is only moving in the single-digit percentage range.
The former Sportscheck branch in downtown Munich had to close as part of the bankruptcy. © Imago/Wolfgang Maria Weber
Insolvency from traditional company Sportscheck in Munich
Specifically, the creditors of Sportscheck Stationary GmbH, which also operate branch