“Unfortunately we have to close” we read in the showcase for the restaurant for weeks, after a crowdfunding campaign had not offered the desired rescue anchor. An insolvency procedure is now open through the owner of the popular traditional host house Leopoldistüberl in Linz.
40 creditors and four employees are affected, obligations are available for around 150,000 euros. The causes are given in the bankruptcy application that the consumer behavior of the guests has developed since Corona Pandemic. The trigger for the bankruptcy application was the termination of the lease as a result of leasehold residues.
No continuation planned
According to information in the bankruptcy application, the closure and liquidation of the company in Adlergasse is planned. “The insolvency manager used will best use the existing assets for creditors,” says Petra Wögerbauer of KSV1870, who represents the creditors here.
House with tradition
The traditional house can also be found in the monument database: 1573 mentioned for the first time. Before 1616 to 1630 owned by the Burgemeester Abraham Griesmüller. Even before 1670 the house housed an inn, today the Leopoldist überl. In 1888 the house was adapted by Ignaz -Check, damage was performed when building the bridge head building and bombs in the Second World War and flood damage.
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.
