After Insolvency of 123-Transporter: Restructuring Proceedings Opened

Leeb & Weinwurm Rechtsanwälte GmbH has been appointed as the insolvency administrator. Claims can be registered until December 31, 2025. The first hearing will take place on January 15, 2026, and the restructuring plan hearing is scheduled for January 29, 2026.

20 Percent Quota Offered to Creditors of 123-Transporter

Creditors are offered a quota of 20 percent, payable within two years from the acceptance of the restructuring plan, informed the Alpine Creditors' Association (AKV). According to Creditreform, around 70 creditors and "a multitude of customers" as well as five employees are affected. The liabilities amount to 4.7 million euros, the majority of which arises from claims for deposit refunds. In recent years, thousands of complaints regarding debits have been received by the Chamber of Labor (AK).

The company justified the insolvency with the withdrawal of the fleet partner, who had provided the 419 vehicles used in Austria. Recently, according to media reports, the DIY chains Obi and Hornbach announced they would end their cooperation with 123-Transporter. The public prosecutor's office in Wiener Neustadt is investigating the managing director of 123 Shared Mobility GmbH for serious commercial fraud and embezzlement.

(APA/Red)

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