Insolvency reveals fate of Klagenfurt glamping company!

Insolvency reveals fate of Klagenfurt glamping company!

On February 12, 2025, bankruptcy proceedings were opened against MH Residenz GmbH, based in Klagenfurt. The company, which is active in the trade of tourist accommodation such as mobile homes and luxury tents, is having difficulty meeting its financial obligations. This also affects the location of the Glamping Village in Kötschach-Mauthen, which operates under the insolvent company. It currently remains unclear whether employees will be affected by the bankruptcy gailtal-journal.at reported. The bankruptcy was initiated at the request of a creditor and the company's assets are currently being valued. Creditors must register their claims with the court by March 24, 2025 at the latest in order to examine whether their claims can be satisfied.

Insolvency brings with it a variety of questions, especially for employees. Important to know: The employment contract initially remains in effect, even if the company is insolvent. Labor lawyer Jürgen Markowski explained that employees are still obliged to provide their contractual services. However, the insolvent employer is no longer entitled to payment of outstanding wages, which must be registered in the insolvency table. If any assets remain after the proceedings have been completed, they will be distributed to the insolvency creditors, which also include employees. Those affected should, how deutsche-handwerks-zeitung.de Notes that you should apply for insolvency money from the relevant employment agency as quickly as possible in order to avoid financial losses.

Clarity about claims and rights

However, filing for bankruptcy does not bring immediate changes for employees. The bankruptcy process requires careful assessment of the situation and employees must be prepared to take care of their claims. “The employment relationships remain, but there is great uncertainty about possible layoffs,” says Markowski. The company must clarify whether it is able to continue operations after bankruptcy or whether this will be possible in a reduced form. In such a case, a works council has the right to have a say in operational decisions, which could have further influence on the employee situation.