Wambacher Heurigen Restaurant Faces Bankruptcy: What You Need to Know

2024-02-15 15:27:00

The Heurigen restaurant has been around for 170 years Wambacher on Lainzer Straße – a Hietzinger institution. Now it had to be one Filing for bankruptcy the restructuring process without self-administration was opened. The liabilities amount to 700,000 euros.

The reason: According to information from the “Credit Protection Association of 1870”, they were able to Declines in sales of the restaurant and the resulting decline in yield are not fully compensated and the losses cannot be made up for in the following winter and summer. 15 employees are affected. The Redevelopment plan provides for the offer of a quota of 20 percent to all unsecured insolvency creditors – the legal minimum offer. A Glimmer of hope for regular guests: The continued operation of the company is intended.

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#Traditional #Viennese #Heurigen #restaurant #bankrupt

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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