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Private Insolvencies
Another Bankruptcy Rocks the Real Estate Industry: Viennese Investor Klemens Hallmann Files for Personal Bankruptcy
Vienna-based entrepreneur Klemens Hallmann has filed for personal bankruptcy. The investor, who is active in the real estate and film industries, is seeking a restructuring process under his own administration. He is offering his creditors a 30% dividend, payable within two years. Hallmann Holding is not affected by the bankruptcy.
August 19, 2025
Rise in Corporate Insolvencies in Austria Reaches New High
The tense economic situation led to a significant increase in corporate insolvencies in Austria in 2024. According to the latest data from Creditreform, around 6,700 company bankruptcies were recorded, an increase of 22% compared to the previous year.
February 24, 2025
Austria Businesses Heading for a Record Year of Bankruptcies in 2024
Austria is facing a possible record year for corporate insolvencies in 2024. The current economic situation shows a significant increase in insolvencies, especially in the first half of the year.
July 15, 2024
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
Slight Decrease in Business Insolvencies
In the first quarter of 2012, Austrian business insolvencies went down by 0.6% against the first quarter of 2011. Private insolvencies are rising further.
April 14, 2012
Rise in Private Insolvencies in 2011
Austrian private insolvencies rose by 4.0% in 2011. 9,600 persons were concerned.
January 5, 2012
Life Insurance Continues in Demand
While Austrian private investors have less savings, rights to pensions and life insurances rise.
January 19, 2011
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