📝 Description
During the insolvency administrator's auction, debt collection rights are being sold. The buyer acquires these rights to multiple debtors. The main assets for sale are claims against several companies. The total value of the claims includes debts owed by Arro Holdin, B&Q Limited, Brico FR, Bricostore Romania SA, and Castorama PL. The combined amount exceeds 450000 EUR, with an initial auction price set at 10000 EUR.
The parent company Kingfisher International Products Limited (UK registration number: 09861549) registered in the United Kingdom is obligated to pay these creditor funds. It is important to note that the debtor (based on provided information) disputes these debts, claiming that UAB "Baltic Furniture Components" violated contract terms. The debtor also states that the bankrupt company should cover losses exceeding their debt.
This auction is part of ongoing insolvency administrator auctions to sell funds for UAB "Baltic Furniture Components" (company code 300524828). Although the asset being sold is financial (debt collection right) rather than physical real estate, it offers a chance to acquire a significant financial asset at a symbolic starting price.
The auction started on 2025-03-27 09:00:00 and will end on 2025-04-16 09:00:59.
The parent company Kingfisher International Products Limited (UK registration number: 09861549) registered in the United Kingdom is obligated to pay these creditor funds. It is important to note that the debtor (based on provided information) disputes these debts, claiming that UAB "Baltic Furniture Components" violated contract terms. The debtor also states that the bankrupt company should cover losses exceeding their debt.
This auction is part of ongoing insolvency administrator auctions to sell funds for UAB "Baltic Furniture Components" (company code 300524828). Although the asset being sold is financial (debt collection right) rather than physical real estate, it offers a chance to acquire a significant financial asset at a symbolic starting price.
The auction started on 2025-03-27 09:00:00 and will end on 2025-04-16 09:00:59.
❓ Frequently asked questions
What is the starting price for debt collection rights?
The starting auction price is 10000 EUR.
When does the debt collection rights auction end?
The auction ends on 2025-04-16 09:00:59.
What is the total amount claimed from debtors?
The claim amounts are 2106,00 EUR (Arro Holdin) + 271381,50 EUR (B&Q Limited) + 93560,16 EUR (Brico FR) + 6750,96 EUR (Bricostore Romania SA) + 93227,52 EUR (Castorama PL), total exceeding 450000 EUR.
Who pays these debts according to the contract?
The parent company registered in the United Kingdom Kingfisher International Products Limited, reg. no. 09861549 is obligated to pay the listed creditors.
Do debtors admit the debts?
No, debts are disputed; the debtor claims UAB "Baltic Furniture Components" violated contract terms and that the bankrupt company must cover larger losses.
Who is the auction organizer (insolvency administrator)?
The insolvency administrator is IRMANTAS LENGVINAS.
What is the seller's (debtor) company code?
The company code for seller UAB "Baltic Furniture Components" is 300524828.