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HomeFintechPoland’s Embattled Cinkciarz.pl Declared Bankrupt, Collectors Urged to File Claims

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


The District Court docket in Zielona Góra has declared on-line
forex alternate Cinkciarz.pl bankrupt, triggering proceedings that might
permit 1000’s of shoppers to get better misplaced funds. A trustee has been appointed to liquidate the
firm’s belongings and oversee creditor claims, native media publication InteriaBiznes reported.

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

Chapter Confirmed After Months of Monetary
Troubles

For over a 12 months, Cinkciarz.pl customers reported delays
and failures in finishing transactions. Some have been ready for quantities of some
hundred złoty, whereas others awaited tens or a whole bunch of 1000’s. The
scenario 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 enough
belongings to repay all its collectors, and its authorized scenario is actually
incapable of constant operations,” the report concluded. Grenda has now been
appointed because the official chapter trustee.

Legal professionals representing affected clients stress that
chapter is the one viable path to get better funds. “With out Cinkciarz’s
chapter, reclaiming their cash could be not possible or considerably extra
troublesome,” mentioned 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 top of the story.” Collectors should reportedly report their claims to the trustee to take part within the distribution of Cinkciarz.pl’s remaining belongings.

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

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Prison Investigation and Interpol Crimson Discover

Timing is important: 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
payment 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 overall estimated losses for Cinkciarz.pl shoppers now method
PLN 125 million.

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

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