Austria's new insolvency law favors the state over private creditors

diepresse.com (German)

A new insolvency law amendment in Austria prioritizes the state over private companies in insolvency cases. The proposed changes exclude previously paid taxes and social security contributions from legal challenges by insolvency administrators, potentially leaving less for other creditors. Creditor protection groups warn this could lead to more bankruptcies and harm businesses already struggling in a recession.


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Austria's new insolvency law favors the state over private creditors | News Minimalist