Private finances of Barbara Meier become insolvent - Husband of Barbara Meier submitting petition for financial insolvency
In a surprising turn of events, Klemens Hallmann, the husband of "Germany's next Topmodel" winner Barbara Meier, has filed for personal bankruptcy. The news comes as the subsidiary of Hallmann's corporate group, SÜBA AG, also filed for insolvency in April of this year.
Hallmann, the owner and operating manager of the Hallmann Corporate Group, primarily active in the field of real estate and real estate development, has cited the tense situation on the real estate market as the main reason for the payment default.
The insolvency procedure for SÜBA AG was concluded in late July with the acceptance of a restructuring plan in the amount of 20 percent, payable within two years. However, the current status of Hallmann’s real estate holdings after his personal bankruptcy filing remains unclear, as recent search results do not provide any information about his business or financial situation.
The Hallmann Holding, the central company of the corporate group, is not affected by the insolvency. The central company of the corporate group is the Hallmann Holding International Investment GmbH, which is fully owned by Hallmann.
Hallmann is currently seeking a restructuring plan, citing a potential model from the SÜBA AG case. The failure to reach an agreement with an important creditor was decisive for the breakdown of the negotiations for Hallmann's restructuring plan.
The insolvency procedure for Hallmann involves 102 creditors with total claims of around 95 million euros. Hallmann is offering insolvency creditors a 30 percent quota for full satisfaction of their claims, payable within two years of acceptance of the restructuring plan.
Klemens Hallmann and Barbara Meier are married and have two daughters together. Meier, the winner of "Germany's next Topmodel", has not made any public statements about the situation.
The Hallmann Corporate Group, despite the ongoing insolvency proceedings, continues to operate in the real estate and real estate development sector. The outcome of the restructuring plan and the impact on Hallmann's personal and corporate assets will be closely watched by the business community.
[1] [Business Source 1] [2] [Business Source 2] [3] [Business Source 3]
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