Bandagist Gätringer GmbH – Restructuring process

Application for non-autonomous restructuring measures – 48 employees affected!

die Bandagest Göttinger GmbH (FN 328268Y), Scheidgasse 1, 3300 Amstetten, St. Filed in the Pölten Regional Court Non-autonomous restructuring measures applied. KSV1870 expects bankruptcy proceedings to be opened soon.

Company Assets: die DebtorIn contracts related to medical devices and aids in the field of orthopedic technology. Additionally, the debtor’s company manufactures, inter alia, prostheses, orthoses and seat shells. The debtor operates several branches in Vienna, Lower Austria and Upper Austria.

Affected employees (As per borrower information): 48 employees

Aggrieved debtors (As per borrower information): Approximately 155 borrowers

inactive (According to debtor information): Approximately 3.27 million Euro.

Cause of Bankruptcy (According to the information of the debtor): As KSV1870 learned, the increase in prices and the corresponding decline in sales as a result of changed consumer behavior had now to submit an application to initiate restructuring measures without self-administration. Also, increased energy costs, increase in salary levels and interest rates had a negative impact on the debtor’s business operations.

Redevelopment Plan: The debtor intends to continue and reorganize his company. As part of the restructuring plan, a provision of 22% will be made to borrowers. “Based on the information available to us, the restructuring plan provision will be made from the company’s continuing operations.Alexander Greifeneder from KSV1870 says:

Inquiry Note:

Mac Alexander Griefeneder
Corporate Insolvency Vienna/Lower Austria/BGLD.
Tel 050 1870-8833
Email: [email protected]

Vienna, 29.07.2024

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