Värmland District Court decided on the 23d June 2015 to grant Dommo by Gawor AB:s application on Company recontruction. Lawyer Henrik Nilsson at the law firm Allians was designated as the Company reconstructor. Värmland District Court has decided on the 14th July 2015 to cease the reconstruction as there is no reason to believe that the purpose with the reconstruction can be achieved.
What is a Company reconstruction?
A Company reconstruction is a way for companies suffering from financial difficulties to restore their financial balance. The reconstruction is going on during a period of three months at the time up to maximum of a year under supervision of the reconstructor. During this period the reconstructor is negotiating with the creditors and suppliers to decrease the amount of debt and find a solution so that the company can regain its profitability.
Why did Dommo by Gawor AB apply for a Company reconstruction?
Dommo by Gawor AB has had financial difficulties for a long period of time. Their financial situation is mainly caused by expenditure of a non-recurring amount.
Dommo by Gawor AB:s management has placed its trust in the business despite the financial situation. Dommo by Gawor AB sells goods that are demanded in the market by shops situated in attractive shopping areas. A company reconstruction has proven more beneficial than a bankruptcy petition at this point, not least for the creditors.
What will happen now?
Dommo by Gawor AB will now carry on with their business.
For questions regarding the reconstruction, please contact the Company reconstructor Henrik Nilsson, or lawyer Katarina Karlsson. They can be contacted on e-mail email@example.com or telephone 054-15 73 10.