Today, Wednesday, a restructuring procedure without self-management over the assets of KaBB Gastro was opened at the Linz Regional Court at its own request. Partner Christian Meixner, who is known to have taken over the gastronomy companies of the Kaufmann Group, expressly emphasizes in an interview with the “Krone”: “The Oberwirt in St. Magdalena is not affected by this.”
According to information in the bankruptcy filing, the “Lunzerwirt” is currently the company’s main activity and the intention is to continue it. This company currently employs seven employees. The restaurant is very well booked until Christmas.
At the debtor’s second mainstay, the bar “El Mariachi” in the old town of Linz, an employee works 20 hours a week in addition to director Christian Meixner. This operation will also continue. A continuation forecast has been added to the bankruptcy application for the continuation of these two companies, which assumes that the income will cover the costs during the continuation period.
615,000 euros in debt
A total of 24 employees and 65 creditors have been affected. Debts of approximately 615,000 euros must be registered. The intention is now to implement a restructuring, whereby the insolvency creditors will be offered a restructuring plan of 20%, 10% payable within a short period and 10% payable within 24 months from the acceptance of this restructuring. plan.
“The curator will quickly check whether it is possible to continue the restaurant without further damage to the creditors,” says Petra Wögerbauer of KSV1870, who represents the creditors. Dr. was appointed curator. Eva Meusburger-Streicher, lawyer at 4020 Linz, appointed. The first creditors’ meeting and audit meeting will take place on January 14, 2025 at the Linz Regional Court. On February 21, 2025, creditors will negotiate and vote on the requested restructuring plan at the Linz Regional Court.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
