Salzburg wellness hotel in the crisis: bankruptcy proceedings open!

Salzburg wellness hotel in the crisis: bankruptcy proceedings open!

Zell am See, Österreich - On May 30, 2025, the Salzburg Regional Court opened an insolvency proceedings via Haidvogl Collection GmbH, which operates the Hotel Haidvogl Mavida in Zell am See. The company is insolvent and has over -indebtedness in the millions. The liabilities are around 4.6 million euros, while the assets only make up around 1.2 million euros. 22 employees and around 60 creditors are affected by the bankruptcy.

The reasons for bankruptcy are high debt and rising interest rates that endanger the company's economic survival. Despite the difficult situation, Haidvogl Collection GmbH plans to continue operating the hotel. In order to accommodate the creditors, a renovation plan that provides a quota of 20 percent is proposed within 24 months of acceptance.

Details on bankruptcy

The opening of the insolvency proceedings took place without self -administration. Attorney Christian Schubeck was appointed as insolvency administrator. The first creditor meeting is scheduled for June 25, 2025, while the deadline for the creditors' registration runs until August 6, 2025. A renovation plan day statute is scheduled on August 20, 2025.

The Haidvogl Collection GmbH, which was founded in 2012, has achieved a critical phase due to its financial situation. The amount of over -indebtedness is given by various reports, including Sn.at, around 3.4 million euros. This illustrates the precarious financial situation of the company and the challenges with which it is confronted.

companies in the crisis

The bankruptcy of Haidvogl Collection GmbH is not an isolated case. According to statistics from Germany, a total of 21,812 companies registered bankruptcy in 2024, which represents an increase of 22.4% compared to the previous year. Similar developments can also be observed in Austria, where many companies are currently in economic difficulties. The causes range from current crises to an increased debt burden.

Despite these increasing numbers, it should be noted that bankruptcy proceedings are not part of the company closures. Only around 6% of all company bankruptcies go back to an bankruptcy application, although this proportion increases, even if formerly independent people are considered.

The Haidvogl Collection GmbH now faces the challenge of continuing their business under the given circumstances and realizing a renovation plan to satisfy the creditors and secure the jobs.