Neotech
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Entity details: Neotech sp. z o. o. w upadłości based in Tułowice
Type of case: bankruptcy process
Period: 2019-present
Market activity: industrial property - rental of production space
As part of the bankruptcy proceedings, thanks to the effective actions of the trustee, the creditors were fully satisfied, as a result of winning court cases and the effective sale of the bankrupt's enterprise, at a price significantly higher than that resulting from the enterprise's valuation.
Key challenges/events:
- Lack of company documentation, including financial statements and inventory of assets.
- Thanks to the efficient and effective action in the proceedings, the bankrupt’s enterprise was sold for an amount more than 50% higher than the starting price.
- Complex lawsuits conducted against international corporations were won, resulting in additional funds flowing into the bankruptcy estate.