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Herlitz’s creditors accept insolvency plan

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Published in issue 30/2002
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On 15 July the creditors’ meeting approved the insolvency plan for the Berlin-based paper and stationery group Herlitz AG. Besides a far-reaching waiver of claims on the part of the creditors, the plan notably provides for a conversion of Herlitz’s bank loans into real estate loans. According to Peter Leonhardt, ...

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