klausner lumber two

Klausner owes Klausner millions

Article by Gerd Ebner (adapted for holzkurier.com; translated by Eva Guzely) | 13.08.2020 - 09:21

Already when insolvency proceedings were opened over Klausner Trading International GmbH (KTI) of Oberndorf in Tyrol and over Klausner Nordamerika Beteiligungs GmbH in April, it was clear that both companies invested a lot of money in the two US sawmills. Now, the court in Delaware/Florida, has listed the sums: US-$ 1.9 million in trade debt were accumulated by Klausner Holz Thüringen and US-$ 1.1 million by KTI. Klausner Holz Sachsen is also on the list of liabilities with US-$ 109,000.

According to court documents, US-$ 887,000 are still outstanding for Mahlid of Nürtingen/DE. However, local suppliers from Halifax County seem to be mainly affected in the proceedings. According to RRspin.com, Klausner declared assets of US-$ 10 to 50 million and liabilities of US-$ 100 to 500 million when filing for bankruptcy.