Overview
- The Neu-Ulm insolvency court, which opened the case Friday, cited inability to pay and over-indebtedness.
- Judges granted self-administration, keeping management in charge under court monitor Arndt Geiwitz.
- Allianz Trade and AOK Bayern are among listed creditors, who can file claims with the monitor until June 1.
- The court notice gave no details on any effects for employees.
- A creditors’ meeting on July 6 will weigh options for the company’s future.