Millions of bankruptcy in Vorarlberg: Turnkey and Alpine tume in bankruptcy!

Millions of bankruptcy in Vorarlberg: Turnkey and Alpine tume in bankruptcy!

Bregenz, Österreich - In the Vorarlberg Economic Area, a wave of bankruptcy is accumulated. Finally, Turnkey Finance GmbH and Turnkey Connect GmbH have filed for bankruptcy after massive liabilities of over 1.7 million euros have been received. The bankruptcy proceedings were opened at its own application at the Feldkirch Regional Court, as https://www.vol.at/naechste-million-im-umfeld-von-vorarlberger-risk investor/9454907) reported.

In the same wave of bankruptcies, Alpine Value Management GmbH and Alpine Equity Management GmbH, both of which are located in Bregenz and have the same managing directors. Alpine Value Management GmbH, founded in 2014, specialized in corporate value increases and financing and has stumbled with liabilities of around 860,000 euros. The business prevented due to the Corona pandemic and their restrictions led to a massive decline in yields. In addition, the company worked for the already insolvent turnkey finance GmbH, which further tightened the situation, such as [5min.at.

Alpine Equity Management GmbH, also affected, has four employees and has liabilities of around 1.2 million euros. The company is a management company and acts as an alternative Investment Fund Manager (AIFM), specializing in administration and sales efforts for participation companies. The decision of Hypo Vorarlberg Bank AG was decisive for the bankruptcy to prefer the liquidation of the Hubag companies, which strongly undergrow the business basis of the two alpine companies.

outlook and uncertainties

The bankruptcy cases raise the question of future economic stability in the region. The uncertain location regarding the recognized claims in the insolvency proceedings of the turnkey companies, in particular through their connections to the alpine companies, ensures tensions among the employees and stakeholders concerned. The developments are further influenced by the massive economic challenges triggered by pandemic.

For more information about these developments, interested parties can see the comprehensive reports on Vorarlberg.orf.at to get a deeper insight into the reasons and effects of bankruptcy cases.