Insolvency shock: Ex-mayor Walser ruins CWA transport!

Insolvency shock: Ex-mayor Walser ruins CWA transport!

Thaur, Österreich - The CWA Transporte GmbH, a transport company under the direction of Christoph Walser, is insolvent. The bankruptcy application was submitted by the managing director and partner Walser and recognized by the Innsbruck regional court. According to information from the Credit Protection Association of 1870 (KSV1870), the company's total liabilities amount to around 700,000 to 800,000 euros. Walser, once President of the Tyrol Commerce Chamber and Mayor of Thaur, had already spoken of a "call murder" in 2022, and the first reports of financial difficulties.

In recent years, the financial situation of CWA Transporte GmbH has steadily worsened. The annual financial statements for 2023 showed a fully negative equity and showed a significant deterioration compared to previous years. So far, there is no conclusion to the commercial register for 2024. In addition, several execution methods were pending before the bankruptcy was opened, which illustrates the precarious situation of the company. Around eight employees are affected by the bankruptcy.

legal problems and withdrawal from the public

The situation around Christoph Walser is even more complex because investigations by the financial police have been initiated against him. Walser was convicted of tax evasion of 1.1 million euros, as well as for defamation, forgery of evidence and incorrect evidence. This meant that in November 2023 he laid down his offices in order to meet his role as an entrepreneur. This happened after the criticism of his person and the financial problems had increased in public.

The main believers of CWA Transporte GmbH are the tax office with liabilities of almost half a million euros. It is expected that the insolvency administrator will now use the company's assets and will distribute the proceeds to the creditors proportionately. The circumstances indicate that no renovation of the company is planned, and an early termination of the operational operation is.

bankruptcies in a wider context

In Austria, insolvencies are regularly recorded statistically. According to Statistics Austria Since the first quarter 2021, the country has been obliged to publish data on company registrations and bankruptcies. This information is essential for the analysis of corporate demography in the region and help to identify trends and developments in the field of corporate insolvencies.

CWA Transporte GmbH is an exemplary example of the difficulties that many companies experience in the current economic situation. The developments around the company underline the challenges associated with the financial stability of a company, especially in times of great uncertainty.