Saturday, August 8, 2015

After Bankruptcy: Villa of ex-manager Middelhoff Arcandor sold – ABC Online

Saturday, 08.08.2015, 11:14
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The villa of the former Top -Managers Thomas Middelhoff in Bielefeld will be sold quickly. The villa was once owned by the Oetker family business. Currently they be burdened by a mortgage in favor of Bankhaus Lampe, the Middelhoff owe 1.62 million euros.

“The market value of the property is 3.4 million euros,” said liquidator Thorsten Fuest the research network of the Süddeutsche Zeitung, WDR and NDR, as the “Süddeutsche Zeitung” (8.8. / 9.8.) have been reported. Fuest ready to sell before already. The spokesman of Fuest confirmed the information on Friday evening.

The Villa once belonged to the family of entrepreneurs Oetker. Currently they be burdened by a mortgage in favor of Bankhaus Lampe, the Middelhoff owe 1.62 million euros.



Also investments Middelhoff’s come under the hammer

Fuest announced against SZ, WDR and NDR that they wanted to include involvement Middelhoff’s to apartments and commercial spaces in Magdeburg sell soon, to provide bulk for the creditors. From the exploitation of the fund shares the liquidator expects “an amount to 150,000 euros”.

According to the spokesman Fuest total of more than 50 creditors have announced claims against the former Bertelsmann and Arcandor’s CEO. Creditors are requested to register their claims until 31 August. This is a small fee but also afterwards still possible, stressed the spokesman.



Middelhoff rises owed to creditors

According to earlier information, a check of the receivables on 21 September in the District Court Bielefeld done. For this day a meeting of creditors is provided.

What is the level the demand sum total amounted, was still open, the spokesman said the insolvency administrator continues. He could not confirm the mentioned by the research network of 104 million euros. He pointed out that Middelhoff had raised also owed to creditors. These would be examined by the insolvency administrator.

Middelhoff himself did not want to, according to SZ, WDR and NDR having regard to its ailing health to request express. The former head of Bertelsmann and the bankrupt previous company Arcandor had filed personal bankruptcy in late March. The district court Bielefeld had early July insolvency proceedings

Video:. Ministry confirmed: JVA officials took pictures at Middelhoff at night the lights

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