Several property companies owned by Hihhihhii Oy file for bankruptcy across Finland
Several property companies owned by the production firm Hihhihhii Oy, led by Janne Kataja and Aku Hirviniemi, filed for bankruptcy in district courts across Finland on Monday, as reported by Kauppalehti. Janne Kataja confirmed via email that these bankruptcy petitions are connected to the voluntary bankruptcy of Hihhihhii Oy, which occurred in May due to financial difficulties and unprofitable operations.
This week, property companies such as Kuhmon Hirviniemi, Kuhmon Pekosentupa, Kuhmon Yli-Huumola, Sotkamon Viirimäki, and Kajaanin Katajatalo filed for bankruptcy in the Kainuu district court. These companies are located in Kuhmo, Sotkamo, and Kajaani. Additional companies that declared bankruptcy include Myrskylän Maijala, Kuhmoisten Kultaniitty, and Puro, located in Myrskylä, Kuhmois, and Laihia, respectively. Their bankruptcy applications were submitted to the district courts of East Uusimaa, Pirkanmaa, and Pohjanmaa. The case concerning Myrskylän Maijala has been transferred to the Kanta-Häme district court.
According to the bankruptcy petitions, the total debts for these property companies are estimated at €2,133,441.28. The largest creditors are related to the bankruptcy estate of Hihhihhii Oy, the tax administration, banks, electricity companies, and various real estate firms. The companies primarily possess real estate assets and have provided care services in business premises in Kuhmo and Sotkamo.
Notably, Mainiokoti Kanerva in Kuhmo ceased operations in summer 2024, and discussions regarding changes began in May at both Mainiokoti Kanerva and Ykköskoti Jämäksessä, which hosted around twenty residents. Meanwhile, operations at Mainiokoti Tipas in Sotkamo ended this summer. In Kuhmois, a multi-family building owned by the company has been without heating, electricity, or water for the past two years. Additionally, in Kajaani, the Tutun tupa community center will relocate to a new facility in November following the termination of its property management contract in May and a subsequent water supply cut in September.