It's already the middle of February, and if you've been following the KTM insolvency saga, then the name of this month may just ring a bell for you. Why? Because February 25th is the deadline for any KTM restructuring plan to officially be approved by its creditors.
Preliminary hearings have so far allowed KTM to continue operation under self-administration, per AKV Europa, the Alpine Creditors' Association, which is administering the proceedings. According to the most recent tally of claims from creditors, a total of 3,534 claims against KTM were filed, with over 2,000 from employees and nearly 1,200 from creditors.
According to AKV, EUR 1,665,985,681.24 of those claims have so far been officially recognized. That's just numbers for KTM AG, and doesn't touch on numbers for other Pierer Mobility subsidiaries that have also declared their insolvency.
