Insolvency proceedings

“Lake Rock” festival slides into bankruptcy

In recent years, music festival organizer Norbert Dankl has been on an expansion course. The company behind his "Lake Rock" festival has now had to file for insolvency. The known debt to date: 600,000 euros.

Norbert Dankl from Hollersbach wanted to turn a small "Lake Rock" music festival into a huge metal and hard rock event. From the Pinzgau region, the event was to be held at the Salzburg Trade Fair, the Gasometer in Vienna and even further afield. Big names in the scene such as Frei.Wild, Turbobier and Bullet for my Valentine have already played at Dankl's venue. Now the dream has been shattered for the time being. The "Lake Rock Gmbh" based in Hollersbach has slipped into insolvency.

The plug has been pulled on the festival for metal and rock music.(Bild: Tröster Andreas)

"The debts amount to around 600,000 euros," says Aliki Bellou from Kreditschutzverband 1870. The company cited the expansion course and associated cost increases as the reason. It is to be closed. The number of creditors will be determined on August 28 at the latest at the first court hearing in the insolvency proceedings. One employee, presumably Dankl himself, is affected.

The music festival in Vienna scheduled for August was canceled just a few days ago. However, Norbert Dankl apparently does not want to give up completely. He registered a new "Lake Rock" company last November. But this time in Rosenheim in neighboring Bavaria...