Planorama contractor files for bankruptcy

Yapitek SRL, the general contractor of the Planorama residential complex (www.planorama.ro), which is located in the Doamna Ghica area of Bucharest, has entered into bankruptcy procedures, the debt collection company Urban si Asociatii (Urban and Partners) announced via an e-mail on Friday night. According to Urban (www.urbannews.ro), which quotes data published in the Insolvency Bulletin and communicated by the legal liquidator and the Bucharest Court of Law, Yapitek had debts worth 7.5 million euros. The contractor also had contracts worth 47.6 million euros. The legal liquidator designated by the Bucharest Court of Law, Cris Consult SRL, says the debtor must urgently submit a restructuring plan, with a view to “making the company’s activity profitable, and to be re-included in the economic circuit,” Urban states in the email. According to the data made available, Bancpost has to recover 4.1 million euros. Yapitek representatives could not be contacted by the time the story was ready for print. According to the latest available information, Yapitek is held by Turkish investors.