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KSV

Private Insolvencies: More than 100,000 Austrians Concerned

This year, 7,000 private insolvencies were registered in Austria. According to KSV (Austrian Association of Creditors), much more people are illiquid, though.

September 28, 2012

Austrian Companies Expect Increase in Lending Costs

Due to Basel III, lending will become more expensive, many Austrian managers and entrepreneurs think.

September 27, 2012

Austrian Companies Expect Stricter Lending Conditions

Credit costs will increase in the coming years, a significant majority of Austrian managers says. As a result, the equity quota of Austrian small and medium-sized enterprises (SME) is growing.

September 17, 2012

Austria: Business Atmosphere Aggravates

According to the Austrian Association of Creditors (KSV), domestic enterprises demonstrate skepticism regarding the economic development.

September 11, 2012

Insolvencies in CESEE on the Rise

In 2011, the number of business insolvencies rose by 25% in the CESEE region. Hungary ranks first.

July 25, 2012

Private Insolvencies on the Rise

Long-term studies show that the number of private insolvencies is increasing in Austria. Since 2002, their number has tripled.

March 12, 2012

Comeback of Al Jaber at Kneissl?

The creditors of the Austrian ski manufacturer will vote on a new restructuring plan after the takeover by a German group has failed.

December 22, 2011

Business Insolvencies Declining

In spite of the economic cool-down, private as well as business insolvencies were going down in 2011.

December 20, 2011

A-Tec: Kovats to be Replaced

Mirko Kovats, CEO of the Austrian A-Tec, will be replaced from his positions in order to avoid further “disturbances”.

October 22, 2011

Strong Decline in Company Insolvencies

The number of private insolvencies rose rapidly from January to September, while the number of companies filing for bankruptcy dropped significantly.

September 28, 2011

Slight Decline in Company Insolvencies

Private insolvencies are on the rise, while the number of companies filing for bankruptcy is falling moderately.

June 28, 2011

Crisis Not the Cause of Most Bankruptcies

The majority of last year’s insolvencies had company-internal reasons and was not directly related to the economic crisis.

May 19, 2011

A-Tec Restructuring Plan Confirmed

With a quota of 47%, the restructuring plan of the insolvent A-Tec was confirmed.

May 12, 2011

Slight Rise in Insolvencies

Austria's Credit Protection Association calculated an increase of total insolvencies by 0.7% in its preliminary statistics for the first quarter of 2011.

March 29, 2011

Declining Trend in Insolvencies is Forecast for 2011

2011 brings a slight decline in insolvencies to Austria, but the economic recovery will not suffice for a substantial change in the trend.

February 16, 2011

Up to 150,000 Insolvent People in Austria

According to the Kreditschutzverband (KSV, Credit Protection Association 9,028 people were forced into personal bankruptcy last year. The number of people at risk is many times higher.

January 29, 2011

Increase of Payment Difficulties for Austria’s Private Households

Estimated 270,000 Austrian households are currently facing financial difficulties and are not able to serve credit sufficiently.

January 14, 2011

Creditors Wish Kovat´s Retreat

The creditors of the insolvent Austrian technology Group A-Tec prefer Mirko Kovats to retreat from his position as CEO.

December 30, 2010

The KSV Publishes Austrian 2010 Insolvency Statistics

The Kreditschutzverband (KSV, Credit Protection Association) has established an 8% decrease in corporate insolvencies.

December 21, 2010

Kovats Has to Increase Quota

The remaining divisions of the insolvent A-Tec Group are being valued. Kovats will not be able to avoid an increase of the quota for the creditors.

December 8, 2010

Kovats Remains CEO of A-Tec for the Time Being

Despite the resignation offer to the creditors Mirko Kovats, majority owner and founder of bankrupt A-Tec, stays on as CEO.

December 6, 2010

Insolvency of AE&E

No agreement over the purchaser of the AE&E subsidiary could be reached. However, Andritz is still considered as a prospective buyer.

November 26, 2010

AE&E: Next Insolvency is Coming Up

A subsidiary of the insolvent AE&E group in Raaba is negotiating with the Styrian plant manufacturer Andritz. They have time until Friday.

November 25, 2010

AE&E: Survival Less Likely Every Moment That Goes By

While the participants at the negotiating table constantly change, bankruptcy is imminent. An A-Tec without AE&E is now being worked on.

November 22, 2010

AE&E: Negotiations Under High Pressure

The negotiators must reach an agreement still today in order to avoid the insolvency of the industrial plant manufacturer AE&E.

November 18, 2010

No Bankruptcy Proceedings Against Kneissl

Contrary to what has been speculated for days, no bankruptcy proceedings have been filed against the Tyrolean ski manufacturer. Five execution applications have been filed however.

November 15, 2010

AE&E: New Details on Negotiations

Negotiations over the troubled A-Tec's subsidiary AE&E continue, but they get an unexpected sideshow.

November 12, 2010

A-Tec: No Agreement Yet

According to the boss of the Kreditorenschutzverbandes (KSV, Creditor Protection Association), Hans-Georg Kantner, there will still be no solution on today Monday. Negotiations are still underway.

November 8, 2010

Insolvencies: Declining Trend for Both Companies and Individuals

KSV expects 10% less insolvencies for 2010, but warns about the consequences of fiscal budget adjustment.

September 28, 2010

Bankruptcy wave in Eastern Europe

In 2009 Eastern Europe registered 44 380 company failures, which accounts for over 44 percent more bankruptcy cases than in 2008. In Western Europe, the increase was 18.6 percent, Austria performed well with 9.3 percent.

August 20, 2010