Tuesday, March 31, 2015

Middelhoff files for bankruptcy – FAZ – Frankfurter Allgemeine Zeitung




Thomas Middelhoff has admitted that he is broke: The former CEO of Bertelsmann and Arcandor filed on Tuesday at the Bielefeld district court to file for bankruptcy. This was confirmed by a court spokesman on request. As a provisional liquidator of the Bielefeld lawyer Thorsten Fuest was used.


Joachim Jahn Joachim Jahn, born in 1959, business correspondent in Berlin, in charge of “Law and Taxes”

The day before had his signature concerned in the penitentiary for information this newspaper Middelhoff’s lawyer Hartmut Fromm. The 61-year-old former top managers sitting for four months because of risk of flight in custody; the district court food had sentenced him to imprisonment for a term of three years. Middelhoff should have made many private flights at company expense. Also, the tax office Bielefeld outer city has filed for insolvency proceedings against him.


Middelhoff therefore can also cancel a trial, to be held this Thursday at the District Court of Bielefeld. He complains there against the corporate consultants Roland Berger. This has obtained a writ of execution because he had Middelhoff once borrowed some 7 million euros for a joint company. A court spokesman said that Middelhoff’s lawyers had based its request on “Appointment lifting” with the insolvency proceedings.



Several creditors collect millions of claims against the former manager, including the insolvency of department store chain Karstadt-Quelle. During his criminal trial even his watch was attached. Compared with a bailiff he had to pass an “affidavit”. Middelhoff countered with claims against the private bank Sal. Oppenheim.


The Cologne Regional Court has, however, made it clear last November that it will reject his claims probably. In addition, prosecutors determined in Bochum, Essen and Munich against him.


To sign the Munich prosecutors in the case against the Co-Chairman of Deutsche Bank, Jürgen Fitschen, and several former directors of the bank, Middelhoff have billions process of media entrepreneur Leo Kirch against the bank before the Munich Higher Regional Court wrong about a conversation testified to the former German Chancellor Gerhard Schröder. It was only the prosecutor he later solved, “what was actually agreed with the Registrar week of 27 January 2002″.



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Ex-Arcandor CEO

Middelhoff for insolvency

From Joachim Jahn

Since November, the former top manager Thomas Middelhoff is in prison. Now he has filed for insolvency in itself.

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