Assets of Middelhoff – retrieving what is going somehow – Süddeutsche.de

Display

• Before Thorsten Fuest are years of work: He has now been appointed to regular insolvency in case Thomas Middelhoff

<. li> The ex-manager Middelhoff transferred in recent years, all kinds of assets in companies, behind which not infrequently an infected his lawyers and friends.

• task of Fuest now to reclaim what is going.

complexity? The term appears to Thorsten Fuest harmless. “I met with Mr. Middelhoff on highly complex and very complicated financial circumstances,” said the lawyer from Bielefeld. For three months Fuest has plowed as provisional insolvency administrator with a dozen experts through a maze of companies and transactions is where Middelhoff’s belongings hidden, seeps or disappeared. Nevertheless, it is still unclear what the former star manager actually heard that once earned not only as chairman of the media giant Bertelsmann and the retail group Arcandor tens of millions euros. “It is still necessary a lot of detective work,” says Thorsten Fuest.

The presiding judge has now ordered him to regular insolvency after Fuest answered her in a report the two central in insolvency questions with “Yes” : There are in the case Middelhoff a reason for insolvency and it is available mass. So assets that can be utilized to satisfy claims of creditors from the proceeds. At some point in the future. When and to what extent is unclear. About numbers like Fuest currently not even speculate

Ex-manager insolvency claims millions of Middelhoff

Did the former top manager Thomas Middelhoff assets hide from his creditors? The suspicion seems to harden. The liquidator shall recover first million – after a long search.

Middelhoff behaves “cooperative and compliant process”

In front of him is still years of work. Much of what is one of the property of Thomas Middelhoff, has already pledged. In addition, the ex-manager has transferred in recent years, all kinds of assets in companies, behind which often puts one of his lawyers and friends of the Berlin Hartmut Fromm. Critics suspect Middelhoff wanted to withdraw his property to access the creditor in view of its imminent collapse. He and Fromm deny this. Also, there was more recently still cash flows abroad, whose purpose is not obvious readily and were handled strangely complicated through various companies.

View

task of the liquidator is now to retrieve what only somehow goes. Middelhoff will defend themselves not legally reportedly against reversals from the Fromm companies. As far as pure agency agreements in the transmissions, this ends anyway automatically with the opening of insolvency proceedings.

However, there could be agonizing disputes between the liquidator and some Middelhoff’s creditors, led by Bankhaus Oppenheim and the Berlin housing association Gewobag. They demand not only a lot of money by Thomas Middelhoff, but have in recent years also receive donations from him who now wants to reclaim the insolvency administrator.

=> “1.5″

Former top manager Middelhoff could his villa but lose

Prior to his bankruptcy Thomas Middelhoff has transferred his villa in Bielefeld to a company. The insolvency administrator is the house now retrieve – and thus satisfy creditors.

Middelhoff himself behaving towards him “cooperative and compliant process,” says Fuest. “My impression is he wants to lead the bankruptcy proceedings with its creditors and not create it to confrontation.” Middelhoff would prefer probably a faster insolvency plan, so a common understanding with the creditors restructuring plan in which they would waive claims.

“Quick” is nothing here

“Quick” is expected However, going nothing, measured in this on average personal bankruptcies mammoth process. The mistrust on the part of those whose claims Middelhoff often recognized to then still not have to pay or even its part to sue creditors is very large. A residual debt for Thomas Middelhoff is by law possible, he should have committed any bankruptcy crimes.

Against Middelhoff operate independently of the insolvency proceedings more staatsanwaltschaftliche investigation. In November 2014 he was sentenced illegally because on Arcandor costs billed private flights and other expenditures by the Landgericht Essen to three years in prison. The verdict is not yet final; Middelhoff has requested revision to the Bundesgerichtshof. Until his release on bail in late April he was five months in detention.