Frank keep us posted on this please.
My hope is small.
Yet: In the case of fraud the people responsible in the fraudulent company are personally responsible and liable with their private assets.
Currently we have a case of "insolvency" and an attorney specialized on these cases has taken over the responsiblity. You can compare this to "Chapter 11" in the USA.
ONE possible outcome it that the company is bankrupt, meaning that the dept cannot be served by assets and income in the forseeable future.
ANOTHER possible outcome is restructuring and size reduction and continued production.
In case of "insolvency" the workers still come to work and work what is possible with the materials, rooms and other ressources left to them, which might well be all. The wages are partly paid by the social insurance to alleviate the burdon on the insolvent company a little.
In case of "bankruptcy" all assets are converted into money and the dept is paid following some complicated regulation. After that the company is gone, although brand names can be sellable assets, so: even if the company is gone the brand names and products can live on in other companies. Also the workers are not gone, they might even keep to work on similar projects under new ownership. In that case the probability that the new company will cater to the contracts of the old company is small though.
SO: keep you fingers crossed.
