Frustrated landlord asks court to declare Big Bazar bankrupt
1 year, 4 months ago

Frustrated landlord asks court to declare Big Bazar bankrupt

NL Times  

Big Bazar’s problems are piling up. One of the bargain chain’s landlords has given up on getting the company to pay its overdue rent and has therefore asked a collection company to file for Big Bazar’s bankruptcy. Collection company Invorderingsbedrijf Amsterdam filed for the bankruptcy on behalf of Big Bazar’s landlord in Goes. Konings hopes that Big Bazar will pay the overdue rent to avert bankruptcy. Last month, RTL Nieuws reported that Big Bazar had already been evicted from buildings in Schagen and Leeuwarden due to overdue rent.

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History of this topic

Bankrutpcy administrators holding Big Bazar director liable for chain's collapse
4 weeks ago

Bankrutpcy administrators holding Big Bazar director liable for chain's collapse

NL Times  

The bankruptcy administrators are holding the director of Big Bazar liable for the retail chain’s collapse, the Financieele Dagblad reported based on the fifth bankruptcy report. The Amsterdam court declared Big Bazar bankrupt last year after financial problems and increasing complaints about unpaid bills. But bankruptcy requests submitted by angry landlords and suppliers continued to mount, and in September 2023, …

Court declares Big Bazar bankrupt as workers go unpaid; 1,300 lose their jobs
1 year, 2 months ago

Court declares Big Bazar bankrupt as workers go unpaid; 1,300 lose their jobs

NL Times  

The District Court in Amsterdam formally declared Big Bazar bankrupt on Tuesday. It was Big Bazar's third attempt to have an expert brought in, but the refusal made it possible to again process creditors' claims regarding bankruptcy on Tuesday. In an internal communication to employees, Big Bazar blamed the problem regarding payment of wages on two creditors, including the former …

Big Bazar expected to be declared bankrupt on Tuesday; Over 1,300 jobs at risk
1 year, 3 months ago

Big Bazar expected to be declared bankrupt on Tuesday; Over 1,300 jobs at risk

NL Times  

The bargain retail chain Big Bazar can no longer defer payments to its creditors. As a result, there is a high probability that the bargain chain will be declared bankrupt on Tuesday morning, Big Bazar's attorney, Oscar van Oorschot, told ANP on Monday afternoon. The request for payment deferral was denied because the court could not establish whether Big Bazar …

Three more companies considering bankruptcy claims against bargain chain Big Bazar
1 year, 4 months ago

Three more companies considering bankruptcy claims against bargain chain Big Bazar

NL Times  

Three additional parties are considering filing bankruptcy claims against the bargain chain Big Bazar. Konings observed that Big Bazar's CEO Heerke Kooistra seemed committed to addressing his creditors' concerns. "Despite that, nothing has been paid, the claims have remained uncontested, and no attorney from Big Bazar has come forward," Konings said. However, a few days ago, Kooistra mentioned that Big …

Big Bazar closes 20 loss-making stores and seeks rent reduction
1 year, 4 months ago

Big Bazar closes 20 loss-making stores and seeks rent reduction

NL Times  

Big Bazar is set to close 20 loss-making stores and is seeking rent reductions for 20 other stores. If property owners decline to renegotiate lease agreements, Kooistra suggested that Big Bazar may withhold rent to open discussions. “Some landlords and suppliers have started to think alongside us.” He admitted that communications with landlords have not always been optimal but added, …

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