Bankruptcy at Lake Wörthersee: Entrepreneur Kienzl in financial difficulties!

Bankruptcy at Lake Wörthersee: Entrepreneur Kienzl in financial difficulties!

Villacher Straße 12/9, 9220 Velden, Österreich - On July 2, 2025, bankruptcy proceedings against the Velden entrepreneur Heinz Gerhard Kienzl opened. The application came from a creditor, which shows that the business world around Lake Wörthersee does not always run smoothly. Kienzl, which works in the areas of leather goods, toys and sporting goods, is based on Villacher Strasse 12/9 in Velden.

For all creditors who have claims towards Kienzl, it is now said: act quickly! You can register your claims by August 4, via the Credit Protection Association of 1870 (KSV1870). Registration takes place by email to insolvenz.klagenfurt@ksv.at. The Villach lawyer Mag. Alexander Jelly was appointed insolvency administrator and will accompany the further steps in this procedure.

First steps in the procedure

The bankruptcy proceedings have some important dates ready. The first creditor meeting and the reporting and examination day statute are scheduled for August 18 at the responsible court. Here it will be decided how to proceed and what options arise for the creditors. However, there is currently no secure information about the assets or debts of Kienzl, which does not make the situation easier.

creditors who registered claims must adhere to some important regulations. No further lawsuits may be submitted during the procedure or enforcement procedures may be initiated. This serves the principle of equal treatment, which ensures that no creditor is treated preferably. Mounting options are also limited; Only claims that were offset when the procedure were opened can be asserted.

A look at the insolvent economy

Insolvency is not an isolated case in the Austrian economy. They are often signs of economic problems with companies. According to Statista, bankruptcies have risen sharply in Germany in recent years. In 2023, over 17,000 corporate bankruptcies were counted - an increase compared to the previous year. The most common causes of bankruptcy are often inadequate liquidity and insolvency that Kienzl may have hit.

But what does that mean for the creditor? You have to register your claims regularly in order not to go empty in the procedure. It is important to know that undisputed demands after the procedure have been concluded form an execution title against the debtor. So if you act as a creditor in good time, you have the best chance of repayments, even if the situation appears unsafe

for Kienzl we can only hope that he will find a way to organize his affairs. As is known, the economic situation can fluctuate strongly, and often entrepreneurs only need a new plan or an investor to get out of a critical situation. The fate of Kienzl is therefore being pursued.

The developments related to this bankruptcy once again show how important it is to have a good knack in business today and to react early to possible financial difficulties. After all, in the economic landscape you are never quite sure where the next storm is opening.

For those affected by the bankruptcy, it is only to be hoped that they will soon get clarity about their claims and the next steps. For further information on the registration of claims and the insolvency proceedings, the [WKO] (https://www.wko.at/insolvenzrecht/glaeubiger-insolvenge procedure) can be consulted.

On the current situation of bankruptcies and its effects in the economy, Statista is also informed. This shows that insolvency proceedings such as the Kienzl shape fates, but can also offer opportunities for a fresh start. It remains to be seen how the situation will develop.