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Bankrupt clan scandal: insolvency administrator fights for his life!
Dramatic scenes in the insolvency case of a large family in Lower Austria: allegations of social fraud, threats and large cash withdrawals.
Bankrupt clan scandal: insolvency administrator fights for his life!
In Austria, dramatic incidents and serious allegations in connection with insolvency proceedings are making headlines. An insolvency administrator recently had to fear for his life at a bankrupt family business in Lower Austria. He and a group of investigators set off to a chic villa in northern Lower Austria to examine the family's financial circumstances. The case was initiated by a court after indications emerged of a possible welfare fraud business model. Loud Krone.at The family apparently ripped off social benefits and continued to set up large-scale companies before going bankrupt. But what happened next was beyond imagination. When the insolvency administrator, Dr. Manfred Arbacher-Stöger, met the property and was threatened by the company boss. “I’ll spit in your face!” the broke man shouted and aggressively stormed out of the house. One of the man's brothers-in-law even drove his car dangerously close to the manager, which led to a life-threatening moment.
In a shocking turn of events, the court continued to investigate the family after the company owed more than €40,000 to the health fund and had withdrawn almost €250,000 in cash in recent months despite having a bank balance of just €243. These moving events raise questions about the legal extent and further course of the insolvency proceedings.