Viennese music business Sound color insolvent - 48 employees affected!
Viennese music business Sound color insolvent - 48 employees affected!
Wien, Österreich - The renowned music shop "Klangkar" in Vienna has filed for bankruptcy. This decision was announced on June 18, 2025 by the Credit Protection Association of 1870 (KSV1870) and the Alpine Banker Association (AKV). The 48 employees of the company are faced with uncertain times, since sound color as one of the oldest and greatest music shops in Austria, known for its 3,500 square meters in the Gasometer D, is no longer able to meet its financial obligations.
The company's liabilities amount to around three million euros, and around 110 to 115 creditors are affected. The reasons for the bankruptcy are diverse and range from continuing sales declines to the economic loads caused by the Corona pandemic and the Ukraine War. This situation has intensified over the past few years, which made the financial situation of timbrees increasingly fragile.
renovation process and future prospects
sound color has now applied for a renovation process without self -administration. According to information from
A look at the insolvency statistics
The bankruptcy of sound paint is part of a trend-like increase in corporate insolvencies, as can be seen from the data of Statistics Austria . This organization is obliged to record and publish data on bankruptcies on a quarterly basis. The legal basis for this data collection is based on European and national regulations.
Insolvency proceedings are necessary steps to satisfy the claims of the creditors and offer companies with a prospect of economic recovery the opportunity to reorganize and continue their business through a renovation process. The current situation in the case of sound color calls for both a quick and well -founded reaction on the part of the insolvency administrator to achieve the best result for everyone involved.
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| Ort | Wien, Österreich |
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