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Kosice court starts bankruptcy procedures against Rapid Life insurance
January 18th, 2018
A Kosice court has ruled to open bankruptcy proceedings against the life insurance company Rapid Life based in Kosice, TASR learnt on Thursday. The insurance company declared bankruptcy in November last year. Clients will have 45 days to apply their claims. "There are 14,730 individuals and about 50 legal entities that are affected, in a total amount of 26 million euros," the company's administrator said, adding that the company's assets were negligible on the date of filing the bankruptcy motion.
TASR