Pihlas Resort Oy, a hotel company founded by millionaire Pekka Viljakainen, is currently implicated in bankruptcy proceedings as a result of unpaid excavation work debts. The bankruptcy petition was submitted to the North Savo District Court on Thursday by Maanrakennus Viljakainen Oy, highlighting the seriousness of the company's financial difficulties. Viljakainen clarified that he and the applicant share the same name, and emphasized the need for clarity in the situation.

This is not the first time Pihlas Resort has faced bankruptcy filings; the company has previously had multiple petitions filed against it, but those have been retracted. However, the current situation appears more severe, with Maanrakennus Viljakainen emphasizing they will not withdraw their bankruptcy petition until the owed funds are received. This suggests a growing pressure on the establishment to resolve its financial issues amidst previous concerns of financial mismanagement.

Pihlas Resort has attracted financial backing from prominent figures such as actor Jasper Pääkkönen, Olympic gold medalist Iivo Niskanen, and racing driver Valtteri Bottas. The luxury resort located by Lake Pihlasjärvi in Joroinen has been a notable venture but is now threatened by significant financial setbacks. The outcomes of these bankruptcy proceedings will not only impact the Wiljakainen family but could also have repercussions for both the local economy and the investors involved in this venture.