Why many creditors could look through their fingers during the Signa bankruptcy

As extraordinary as the failure of the Signa real estate group has been so far, the reaction of the insolvency administrator to the registered creditors’ claims against Signa Holding is also remarkable. Christof Stapf has only recognized 80.3 million of the 8.613 billion euros that the creditors are demanding, which is not even one percent. This almost never happens in insolvency proceedings.