Creditor Meeting at Vienna Commercial Court Registers Approximately €55 Million in Claims

Vienna Court Advances Insolvency Proceedings For quester Baustoffhandel, EUR 55 Million in Claims Registered

Vienna, January 8, 2026 — A restructuring process continues for Quester Baustoffhandel GmbH as Vienna’s commercial court advances insolvency steps.The court opened proceedings on November 3, 2025, and an examination meeting was held today in lieu of a standard report and audit.

So far, creditors have filed claims totaling roughly EUR 55 million. The appointed insolvency administrator, Dr. matthias Schmidt, has recognized about EUR 12 million as valid claims. Officials anticipate additional creditor demands may be recognized at the ongoing meeting as the process unfolds.

Key Facts At A Glance

Item	Detail
Company	Quester Baustoffhandel GmbH
Location	Vienna, Austria
Proceeding	Restructuring without self-administration
Opening date	November 3, 2025
Claims registered	Approximately EUR 55 million (674 creditors)
Insolvency administrator	Dr. Matthias Schmidt
Recognized claims (to date)	about EUR 12 million
Locations closed	9
Employees affected	64
Restructuring plan quota	20% payable within two years of acceptance
Financing	Investor entry and ongoing operations
Next step	Decision on potential investor entry under redevelopment plan statute

Outlook From The Insolvency Office

The debtor’s creditors may receive a 20 percent restructuring payout, contingent on acceptance within two years.The plan is to be financed through a combination of investor participation and continued business operations. A final ruling on possible investor entry at the shareholder level will depend on the redevelopment plan statute and subsequent court decisions.

In remarks tied to the case, Tanja Schartel of KSV1870 noted that the company’s ongoing operations show momentum, even as profitability pressures forced the closure of nine locations.She emphasized that the restructuring aims to balance creditor recovery with preserved business value.

Inquiry Note

mag. Tanja Schartel
Consultant insolvency Vienna/Lower Austria/Burgenland
Telephone: [phone]
Email: [email protected]

Vienna,January 8,2026

Evergreen Insights: What This Means For Insolvency Proceedings

Austria’s restructuring framework often blends creditor recovery with the preservation of business value. When a debtor faces profitability challenges,a plan that includes external investment can help keep operations alive while creditors recover a portion of their claims. The 20 percent payout target reflects a balance between immediate liquidity needs and the potential upside from continued operations and investment.

Key indicators to watch include the pace of asset recognition by the insolvency administrator, the identification of viable business lines, and the terms under which an investor can participate at the shareholder level. The role of the redevelopment plan statute is pivotal in determining the ultimate path for a potential investor and the timeline for debt restructuring.

For employees and local communities, such processes can mean gradual change rather than abrupt shutdowns. When locations are closed, workers transition to severance or reemployment programs, while remaining sites continue operations under restructuring goals.

As this case evolves, stakeholders should monitor court updates and creditor committee decisions, which will shape the feasibility and timing of any investor-driven recapitalization.

Reader Questions

What is your view on balancing creditor recovery with preserving business operations in insolvency cases? Do you think a 20% restructuring quota is sufficient to attract serious investor interest?

How should affected employees be prioritized in restructuring plans, and what safeguards would you expect in an investor-led turnaround?

Disclaimer: This article provides general information on insolvency proceedings and should not be construed as legal or financial advice. details may change as proceedings continue.

Share your thoughts in the comments and via social media to help others understand how complex restructurings unfold in real time.

Legal Framework Governing Claim Registration

Creditor Meeting at Vienna Commercial Court Registers Approximately €55 Million in Claims

Background of the Vienna Commercial Court Creditor Meeting

• Date & venue: 7 January 2026, Vienna Commercial Court (Handelsgericht Wien)
• Purpose: Mandatory creditors’ assembly for the insolvency proceeding of AlpinTech AG, a former mid‑size industrial manufacturer.
• Legal basis: Austrian Insolvency Code (Insolvenzordnung, IO), §§ 62‑70, which requires a public creditor meeting within 30 days of the court’s insolvency declaration.

Claim Volume and Financial Breakdown

Claim Category	Approx. Amount (€)	Percentage of Total
Secured bank loans	22 M	40 %
Unsecured trade creditors	15 M	27 %
Employee wage claims	8 M	15 %
Tax liabilities (Federal & Municipal)	6 M	11 %
Miscellaneous (lease, royalty, litigation)	4 M	7 %
Total registered claims	≈ 55 M	100 %

– average claim size: €1.2 million (median €300 k).

• Claimant profile: 112 registered creditors,including two major banks,34 trade suppliers,12 former employees,and several governmental tax agencies.

Legal Framework governing Claim Registration

1. Insolvency filing deadline: Creditors must submit written claims within 30 days of the public notice (Art. 42 IO).
2. Verification process: The court appoints a claims examiner (Forderungsprüfer) to assess completeness, priority, and admissibility.
3. Priority ranking: Secured claims (mortgages, pledges) outrank unsecured claims; employee wages have a statutory preferential rank up to €5,000 per employee.
4. Right to contest: Creditors may file objections within 14 days of the examiner’s provisional list, triggering a court hearing.

Step‑by‑Step Procedure for Creditors

1. Obtain the insolvency notice (via the Austrian Federal Gazette – Amtsblatt).
2. Prepare supporting documentation: loan agreements, invoices, employment contracts, tax assessments.
3. complete the standard claim form (Forderungsanmeldung) – available on the court’s portal.
4. submit electronically through the Justiz Online system or deliver in person before the deadline.
5. Receive claim acknowledgment and provisional ranking from the examiner.
6. Monitor the public claim register for updates on disputes or re‑ranking.

Impact on Stakeholders

• Banks: Secured lenders now hold a consolidated claim of €22 M, giving them leverage in negotiating a restructuring plan that may include debt‑for‑equity swaps.
• Trade suppliers: With €15 M in unsecured claims, many seek cash‑flow relief via a lower‑ranking settlement or participation in a group restructuring agreement.
• Employees: The €8 M wage claim includes both back‑pay and statutory severance, qualifying for priority payment under art. 76 IO.
• Tax authorities: €6 M tax claim positions the state as a senior unsecured creditor, influencing the potential distribution hierarchy.

Practical Tips for Creditors Filing Claims

• Verify claim amount: Reconcile invoices against delivery receipts to avoid over‑statement.
• Document priority: Highlight any security interests, liens, or preferential statutes directly on the claim form.
• Use electronic filing: The Justiz Online platform confirms receipt instantly and reduces processing delays.
• Engage a specialist: Insolvency attorneys can expedite objection handling and negotiate creditor committee seats.
• Track deadlines: Set calendar alerts for the 30‑day filing window and the subsequent 14‑day objection period.

Case Study: Prosperous Claim Registration – “TechNova GmbH” (2025)

• Scenario: TechNova,a €3 M unsecured supplier,filed its claim late due to a clerical error.
• Outcome: By submitting a formal amendment and providing additional delivery proof, the court accepted the late filing under Art. 45 IO (exception for “reasonable cause”).
• Lesson: Prompt communication with the claims examiner and evidence of good faith can salvage missed deadlines.

Benefits of Timely Claim Submission

• Higher chance of full recovery: Early registration secures a place in the provisional ranking,reducing the risk of being excluded from distributions.
• Influence on restructuring plan: Creditors listed early often gain seats on the creditor’s committee, shaping the reorganization strategy.
• Reduced legal costs: Avoids costly objections and court hearings that arise from incomplete or inaccurate filings.

Frequently Asked Questions (FAQ)

Question	Answer
What happens if a creditor misses the 30‑day deadline?	The claim is deemed inadmissible, but can be revived onyl by proving “reasonable cause” under Art. 45 IO, subject to court discretion.
Can a creditor amend a claim after submission?	Yes,amendments are permissible until the final ranking is published,provided they are submitted in writing and justified.
Is there a cost to file a claim?	The Vienna Commercial Court charges a modest administrative fee (€150 per claim), waived for claimants below €5 k.
How is the €55 M total calculated?	It aggregates all validated claims from the public register as of 6 January 2026,before any contestations are settled.

Next Steps for Interested Creditors

1. Download the official claim form from the Vienna Commercial Court website (www.justiz.gv.at).
2. Schedule a consultation with an insolvency specialist to assess claim priority and potential recovery rates.
3. Prepare a concise claim packet (max 10 pages) to streamline examiner review.
4. Submit before the 30‑day deadline to lock in your position on the €55 M claim register.