Customers, creditors and other stakeholders of the bankrupt Austrian ski maker Kneissl could learn its fate as early as June 15, when the company could be liquidated if its majority shareholder does not deposit a long promised capital infusion, according to

Kneissl filed for protection from its creditors in early February for the third time since 1980. Under a plan approved by its creditors Wednesday, Kneissl’s majority shareholder Mohammed Al Jaber has until June 15 to pay $2 million into escrow to settle their claims at between 25 and 100 cents on the dolalr, reported. Under the plan, creditors of the holding company  Kneissl Holding GmbH would receive 30 cents on the dollars, creditors of Kneissl Tirol GmbH would receive 25 and creditors of Kneissl Star Lounge GmbH would get 100 cents on the dollar, reported.