{
  "id": 13970068,
  "title": "Insolvenz: Mindestens bis Mittwoch geht es bei Galeria weiter",
  "url": "https://urgent.news/2026/10/12/insolvenz-mindestens-bis-mittwoch-geht-es-bei-galeria-weiter",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T13:30:02.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/handel-konsumgueter/insolvenz-mindestens-bis-mittwoch-geht-es-bei-galeria-weiter/100261584.html"
  },
  "original_language": "de",
  "account": "Düsseldorf - As of Wednesday, employees at the 83 Galeria stores are eagerly awaiting news from Nuremberg regarding whether they will receive insolvency funds. The federal agency for work (BA) is deciding whether the approximately 12,000 employees will receive insolvency payments over the next three months. However, it is now clear that the retail chain will continue to operate at least until Wednesday, regardless of the BA's decision. According to insiders, the largest creditor, Gordon Brothers, provided a low two-digit million euro amount for this purpose. Moreover, the insolvency administrator has informed the company's partners that the financing is secured until Wednesday. The business lender had already pledged a credit line of 160 million euros in the summer. It remains unclear whether the current payment exceeds this amount or exhausts this volume. Gordon Brothers itself declined to comment. On October 2nd, the retail company, which has had its headquarters in Düsseldorf since then, filed its fourth insolvency application in six years. A week ago, the Düsseldorf district court ordered the temporary insolvency proceedings for the retail chain Galeria and appointed Frank Kebekus as the temporary insolvency administrator. Kebekus has previously overseen insolvency proceedings for the group in 2020 and 2022.",
  "summary": "Noch ist keine Entscheidung über das Insolvenzgeld für die insolvente Warenhauskette gefallen. Eine Zwischenfinanzierung sichert nun aber die nächsten Tage ab.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}