CREA Erehrungs GmbH, a real estate development company established in Linz in 2019, has been declared bankrupt. Despite initial success and high demand for their products and projects, the company faced insolvency, with only the managing director affected. The debtor’s liabilities amount to 2.06 million euros, while assets total 1.97 million euros. Several construction projects remain open or completed but unsold, potentially providing assets worth around EUR 1.97 million. The liquidator, Dr. Mooseder, will assess the feasibility of realizing these assets and there are no current plans to continue business operations as per the bankruptcy application.
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