German Commentator Claims Swoopo Filed for Bankruptcy

Update 3/25 – 11:28 am CST: We were able to confirm this report by searching insolvenzbekanntmachungen.de. Swoopo did file for bankruptcy in Germany.

It’s been at least a week now since Swoopo first displayed the message that they’re down for technical issues, but we’ve yet to hear from Swoopo to find out what’s going on and when they’ll be back up. In the meantime, we’ve recently read, however have not yet been able to confirm the accuracy of these claims, that Swoopo has filed for “insolvenz” – insolvency in Germany.

The following comment, translated from German (Google Translator), was posted on German site ExcitingCommerce.de by “Markus” which ExcitingCommerce just today re-posted.

“And that’s it!
Swoopo quietly yesterday filed for bankruptcy:
The Americans have the shop that generated in 2008, € 20 million in sales and over 2 million euro profit after strong growth, driven entirely against the wall!

Amtsgericht München
– Bankruptcy Court –

Infantry Road 5, 80 325 Munich
Phone: 089/5597-06, Fax: 089/5597-2777
Bank: Munich court fund, account: 3024919 (BLZ
700 500 00)

Business number: 1508 IN 1022/11
(Please always)
Munich, 03.23.2011

Decision

The proceedings on its own application to open
Insolvency proceedings, the

Shopping Entertainment AG, Amtsgericht München HRB 175 819, Thu
magkstr. 34, 80807 Munich
represented by
CEO Frank Han,
– Debtor –

1. To secure the debtor’s assets from adverse Ver
changes in accordance with § 21 para 1 and 2 Insolvency on 23/03/2011
at 11:00 clock

provisional insolvency administration

arranged.

The provisional liquidator is appointed:

Rechtsanwalt Dr. Michael Jaffe, Franz-Joseph-Str. 8, 80801
Munich, Phone: 089/255487-00, Fax: 255487-10

2. It is in accordance with § 21 para 1, 2, No. 2 Insolvency

arranged to dispose of the debtor only with the approval
approval of the provisional liquidator are effective.”

We’re not yet able to confirm if this information is true, but we’re really wondering where Swoopo went. We’ll let you know what else we find out.

Discuss this in our forum Swoopo Down?

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2 comments… add one
  • Ty March 25, 2011, 2:22 pm

    i’m not surprised…..i think the whole industry should be shut dowm.

    Reply
  • Phil April 19, 2011, 1:42 pm

    The only business model that could have kept swoopo open today, has been adopted by these people at http://zeekrewards.net

    Reply

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