Insolvency drama in Bregenz: Ristorante sensational before the end!

Insolvency drama in Bregenz: Ristorante sensational before the end!

Bregenzer Kirchstraße, 6900 Bregenz, Österreich - The "Ristorante sensational" in Bregenz, led by Christine Sinn, faces the final financial. As the Wiener Zeitung , the bankruptcy proceedings, which was opened in July 2024 at the request of a public law, has now been declared failed. Originally, the procedure should end as a renovation measure with an unusually high quota of 100 percent for creditors. But the Situation has turned dramatically: a decision by the Feldkirch State Court, dates to January 23, 2025, found that the bankruptcy estate was not sufficient to cover the claims.

In a worrying step, the mass administrator went public on February 27 with the news that the bankruptcy mass was not even sufficient to cover the running costs of the restaurant. Regina Nesensohn, head of the KSV1870 Vorarlberg, announced that the renovation plan was withdrawn before today's day statute and that the company is now facing the final closure. According to their statements, a minimal quota for the creditors is expected - in the worst case, no quota could even be paid out. The liabilities have increased from an initial 40,000 euros to a terrifying 402,000 euros, as also reported by the Krone

As part of the procedure, seven employees are affected, who are now facing an uncertain future. Dr. Susanne Manhart has been appointed insolvency administrator of the company and will decide whether to continue the operation. To do this, not only a sustainable renovation plan would have to be presented, but also ensure that the creditors do not have any disadvantages. The first examination statute at the Feldkirch regional court stands for September 12th and could decide on the future of the "Ristorante sensational".