CREA Erehrungs GmbH, a real estate development company based in Linz, has declared bankruptcy after investing in a range of products and multiple projects despite initial high demand. Despite restructuring efforts, the company’s liabilities amounted to 2.06 million euros, while its assets were only 1.97 million euros. The debtor currently has open or completed construction projects worth around 1.97 million euros in assets, and the liquidator, Dr. Mooseder, will assess their potential for realization. There are no plans to continue business operations as per the opening application.
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