Arca's creditors applied for 12 billion


Last week, the filing of receivables for Arca Investments at the Prague court ended; according to preliminary data, creditors want a total of almost 12 billion crowns back. The insolvency proceedings will decide who and whether they will get their money at all. And not only in the Czech Republic but also in Slovakia. Native PR´s client, Traficon Advisors, has become the third-largest creditor group with 1.5 billion. Traficon continues to consider the main insolvency proceedings, which should soon be opened before the Bratislava court, to be crucial. There they will promote a professional and patient reorganization that maximizes returns for creditors. On the contrary, will fight against the rapid sale of the debtor's assets below cost. More information in Martin Petříček's article.