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Alpine: Creditors in Austria and Poland Claim Refunds

Politics ♦ Published: September 4, 2013; 17:03 ♦ (Vindobona)

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Not only the labor market in Austria is burdened but also thousands of creditors have invested in bonds of the construction company and are now facing enormous losses.

Alpine: Creditors in Austria and Poland Claim Refunds / Picture: © Alpine Logo Press Photo

According to liquidator Karl Engelhardt, who also deals with the claims of bondholders, the total of assets currently available for construction company Alpine is € 7,000 only. Around 4,000 claims have been filed so far. However, Engelhardt is expecting up to 8,000 claims to be filed until the end of the deadline in mid-November. Most of the claims were collected by creditor…