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Poland’s Embattled Cinkciarz.pl Declared Bankrupt, Creditors Urged to File Claims

Poland’s Embattled Cinkciarz.pl Declared Bankrupt, Creditors Urged to File Claims
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The District Court docket in Zielona Góra has declared on-line
forex trade Cinkciarz.pl bankrupt, triggering proceedings that might
permit 1000’s of consumers to get better misplaced funds. A trustee has been appointed to liquidate the
firm’s property and oversee creditor claims, native media publication InteriaBiznes reported.

Uncover how neo-banks turn into wealthtech in London on the fmls25

Chapter Confirmed After Months of Monetary
Troubles

For over a yr, Cinkciarz.pl customers reported delays
and failures in finishing transactions. Some had been ready for quantities of some
hundred złoty, whereas others awaited tens or a whole bunch of 1000’s. The
state of affairs escalated in spring 2025 when one creditor, owed PLN 2 million, filed
for chapter.

The courtroom supervisor, Łukasz Grenda of
Grenda-Restrukturyzacja sp. z o.o., reviewed the chapter petition and
confirmed the corporate’s everlasting insolvency. “The corporate lacks ample
property to repay all its collectors, and its authorized state of affairs is basically
incapable of constant operations,” the report concluded. Grenda has now been
appointed because the official chapter trustee.

Attorneys representing affected clients stress that
chapter is the one viable path to get better funds. “With out Cinkciarz’s
chapter, reclaiming their cash can be unattainable or considerably extra
tough,” stated Paweł Grzebień from the Sobota Jachira Regulation Agency.

“Not The Finish of the Story”

Logging into the corporate web site is met with a weird message: “This isn’t the tip of the story.” Collectors should reportedly report their claims to the trustee to take part within the distribution of Cinkciarz.pl’s remaining property.

Claims have to be submitted electronically by the
Nationwide Debt Register (KRZ). Authorized consultants warning that the system is just not
intuitive and requires exact documentation. Based on Piotr Zimmerman,
authorized counsel at Zimmerman Sierakowski Frosztęga, claims should adjust to
Article 240 of the Chapter Regulation, embody procedural components, and meet
statutory necessities, Enterprise Insider reported.

Associated: Conotoxia Recordsdata Criticism Towards Poland within the US, Claims Losses of “At Least A number of Billion Zlotys”

Prison Investigation and Interpol Pink Discover

Timing is essential: collectors submitting inside 30 days of
the chapter declaration, October 27, 2025, will reportedly keep away from charges. The deadline to
submit claims with out penalty is November 26, 2025. Late submissions carry a
charge of PLN 1,239.95. Collectors have additionally been suggested to collect supporting
paperwork proving their money owed to extend the chance of restoration.

The chapter comes amid ongoing legal
investigations. The Regional Prosecutor’s Workplace in Poznań launched an inquiry
on October 3, 2024, submitting fees in March 2025 for alleged fraud and cash
laundering. The whole estimated losses for Cinkciarz.pl purchasers now strategy
PLN 125 million.

This text was written by Jared Kirui at www.financemagnates.com.



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Tags: BankruptCinkciarz.plclaimscreditorsdeclaredEmbattledfilePolandsUrged
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