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The businessman himself has also confirmed that he intends to go bankrupt.
“It just came to our attention then. I won’t answer any more questions, maybe later. Now I’m a little sick and I don’t know everything, lawyers work here,” said V. Kučinskas.
In a letter to creditors, he informs you that he can no longer meet his debt obligations because he is insolvent.
V. Kučinskas undertakes to submit an application to the court regarding the initiation of bankruptcy proceedings no earlier than one month.
Russian bank Alfa Bank, to which V. Kuchinsk owes more than 20 million. Laurynas Lukošiūnas, a lawyer representing Lithuania, negatively assessed V. Kučinskas’ intentions to declare personal bankruptcy on the portal.
BNS has written that at the end of 2020, a bankruptcy case was filed against the main company of the V. Kučinskas group, Arvi ir ko. The Kaunas Regional Court then determined that its past due obligations amounted to LTL 40.6 million. well above half of its 53.2 million euros. assets, so the company is clearly insolvent.
According to the court, Alfa Bank’s claim against the company amounts to 9.2 million. euros.
The bankruptcy proceedings were initiated at the request of Vytautas Freimantas, Director of Dreymoor Fertilizers Overseas, Belor and Arvi ir ko.
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