On Thursday, the regional court of Salzburg was opened at the assets of the advertising agency GA Service GmbH, based in Salzburg. A renovation procedure without self -administration was requested. 49 employees and 165 creditors, such as the Credit Protection Association of 1870 (KSV1870) informed. Akta of approximately EUR 1.32 million is uncertain compared to obligations of around 5.45 million euros.
The company was founded in 2006. The main activity is located in the B2B area as a broad complete provider in the field of tourism. The causes of your own bankruptcy application stated that the Corona Aademie and the repeated lockdowns had loss and uncertainty in the tourism sector.
Costs also increase in 2024
The resulting slump was an attempt to prevent the purchase and distribution of merchandising and health products. This inventory and their value adjustment now led to a negative equity. The cost increases also set the result 2024.
Creditors can be registered via the KSV1870 until 10 September 2025. The debtor is planning to continue your business and renovate and to offer its creditors a renovation plan of 20 percent within two years after the acceptance of this renovation plan.
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.
