|wMonday, April 28, 2008|
F2 files for Bankruptcy!
Some windsurfing readers of Austrian business daily "wirtschaftsblatt" were quite shocked, others found their fears reinforced: Austrian based windsurfing and snowboarding company F2 International has filed for bankruptcy. Due to Austrian AKV (Alpenlaendischer Kreditorenverband, creditors association) the adjusted liabilities amount to almost 5 million Euros (source: AKV , German only). It is expected that the company will continue its operations after a compulsory settlement (the debtor can meet at least 20 percent of the simple claims obligations), but substantially downsize its business.
posted by editors at 4/28/2008 10:42:00 PM