Insolvency shock in the Mühlviertel: 166 creditors affected!

In the current economic situation, there were two major bankruptcies in Austria, which affect both medium -sized companies and numerous creditors. In the Mühlviertel, a well -known inn was insolvent. The Maximilian Riepl company from Sarleinsbach showed liabilities of 4.78 million euros and is affected by the closure, which is a tragedy for the 166 creditors and 17 employees. According to the report of Puls24 , a renovation process was opened without personal responsibility at the regional court. Despite the efforts of Riepl's son, who wanted to save the company, his efforts were unsuccessful.

Another bankruptcy proceedings concern a pharmaceutical manufacturer that was founded in 2013 and offers services in the pharmaceutical and cosmetic industry. The liabilities here are 6.9 million euros, and here too numerous creditors are affected. One reason for the bankruptcy was the two and a half year delay in building the necessary systems due to the pandemic, which led to a delayed market entry, as the ORF Carinthia . The company has also burdened the difficulties in generating sales and financial funds for marketing. The company has currently submitted a renovation plan that provides that a quota payment of 20 percent over two years should be possible to secure the continued existence.

causes of the bankruptcies

The reasons for the bankruptcies are very diversified. While the inn suffers from increasing energy and personnel costs and a decline in demand for expensive meat products, the pharmaceutical manufacturer fights with the aftermath of pandemic, which led to significant delays in its projects. In both cases, the financial security of the creditors and the future of the companies concerned is on the brink, and it remains to be seen whether the renovation plans can deliver tangible results.