Business and private

Exploding mountains of debt with more bankruptcies in Lower Austria

The mountains of debt are also constantly growing in Lower Austria.

(Bild: alphaspirit - stock.adobe.com)

There are almost 100 more corporate insolvencies and more than 30 private bankruptcies in Lower Austria this year. The total of 2358 cases leave behind a huge mountain of debt amounting to 754 million euros. The "Krone" knows the figures.

With ten percent more company bankruptcies, Lower Austria is below the national average (13 percent). However, the debts from company insolvencies have exploded. Because what Signa is to Austria, kika-Leiner is to the blue and yellow state (see chart below). Major insolvencies in particular are responsible for the sharp rise in 2023.