Tax care has filed for bankruptcy

Tax care has filed for bankruptcy

A subsidiary of Idea Bank S.A. filed for bankruptcy. The information provided by Idea Bank S.A. shows that the application was filed in performance of obligations under the bankruptcy law. Pursuant to Article 21(1) of the bankruptcy law, the debtor is obliged to file a bankruptcy petition within 30 days from the date of the occurrence of the basis for declaring bankruptcy.

At the same time, it was informed that Tax Care started to prepare a motion to open restructuring proceedings, which will be submitted in the nearest future. Preparation and filing of the application to open the restructuring is the Company’s responsibility for the next few weeks.

The information also indicates that the submission of a restructuring application is one of the remedial actions of the Idea Bank Group.



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