Insolven wave in Carinthia: 2024 threatens new record for bankruptcy!

Insolven wave in Carinthia: 2024 threatens new record for bankruptcy!

Kärnten, Österreich - in Carinthia, the bankruptcy balance for 2024 is alarming, with an increase of over 11 percent compared to the previous year. So far, 261 companies have been stated for insolvent, which includes 150 procedures opened and 111 rejected applications due to the lack of assets. This not only shows the increasing economic difficulties, but also a dramatic increase in difficulties for Carinthian entrepreneurs. As meinbezirk.at , significant companies such as the ASAP group and Silent Yachts are affected, which is affected by the region with a total amount of 282 million euros effect.

special insolvency cases and their effects

The ASAP group has caused half of the insolvent liabilities with four larger companies, which significantly increases the challenge for the Carinthian market. The industry of trade, construction industry and gastronomy is particularly affected. According to ORF Kärnten it was also found that the number of private bankruptcies has dropped by 23 percent, but this decline is considered deceptive. The head of the Credit Protection Association of 1870, Rene Jonke, emphasizes that many people do not have the opportunity to submit applications for debt regulation procedures due to the lack of regulated income.

with 300 lost jobs this year, which corresponds to a decrease of 7 percent compared to the previous year, the situation remains tense. Although some companies are striving for renovations, the further development is uncertain due to inflation and high energy costs. The KSV of 1870 estimates that bankruptcy cases could possibly exceed the 2019 level by the end of 2024. Barbara Wiesler-Hofer, the head of the KSV site of Carinthia, emphasizes that the shift towards more opened procedures is an important step towards transparency in the economy, even if the number of insolvencies remains worrying.