Insolvency proceedings: Rooming Lattacher is fighting for renovation

Insolvency proceedings: Rooming Lattacher is fighting for renovation

On Thursday, a renovation process for the carpentry Lattacher from Reifnitz was opened at the Klagenfurt regional court. The company, which specializes in timber construction and carpentry, is faced with financial difficulties that indicate over -indebtedness. The liabilities amount to around 238,000 euros, while the assets are only around 79,000 euros. This leads to an over -indebtedness of around 159,000 euros.

The reasons for bankruptcy are complex. According to the company's information, a personal stroke of fate, high personnel costs and insufficient work by former employees have been mentioned as the main causes. In order to overcome the financial difficulties, the carpentry has submitted a renovation plan that provides a quota of 20 percent, payable by March 16, 2026.

renovation plan and continuing operations

The renovation plan stipulates that the necessary financial resources for the continuation of the company may be provided by external sources. However, this information must still be verified by the KSV1870, which is currently not possible. With the opening of the procedure it is hoped that the carpentry is able to take the necessary steps to stabilize the economic situation and to assert itself on the market in the long term.

The procedure affects a single employee and around 30 creditors who are related to the carpentry concerned. The developments related to the renovation process have triggered reactions both among the employees and the creditors, since the future of carpentry and the view of repayments are uncertain.