1.2 million euros in debt

Butcher’s shop and nightclub are bankrupt

The butcher's shop "GenussPapst" from Vöcklabruck has "danced at too many weddings" as the reason why the company has now filed for bankruptcy. In addition to the butcher's shop, the "Village Hill" nightclub is also bankrupt.

The company was only founded in 2022 and operates a nightclub in addition to the "GenussPapst" butcher's shop in Vöcklabruck. Strategic mistakes had already been made when the company was founded; the wide range of activities in addition to the core business - catering for large events, direct delivery of lunch menus and the nightclub - would have required a high level of staffing. Added to this was the cautious consumer behavior of the customers.

13 employees
All in all, too much: according to Kreditschutzverband 1870, the "GenussPapst" is owed 1.2 million euros by 50 creditors. A total of 13 employees are affected.

The restructuring proceedings without self-administration were opened on Monday at the regional court in Wels. The company is offering creditors a 20 percent quota, payable within two years.

The insolvency administrator will now examine whether the continuation of business can be guaranteed without further losses for the creditors.