Record wave of bankruptcies
More and more company bankruptcies due to “corona zombies”!
It's not just the billion-euro bankruptcy of René Benko's Signa empire that is causing concern among bankruptcy experts - because in Carinthia alone, nine companies a week are currently having to give up. A record number of insolvencies is feared by the end of the year. And also that more and more traditional businesses will get into difficulties.
With nine company bankruptcies per week, Carinthia has one of the highest insolvency rates in Austria this year - plenty to talk about for the best bankruptcy experts between Klagenfurt and Vienna, who gathered in Grado for the 40th Carinthian Insolvency Law Seminar to discuss legal innovations as well as the reasons for the unprecedented wave of bankruptcies. Because an increase of almost 73 percent exceeds even the worst fears.
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