Competition about Salzburg Chocolate opened

The insolvent confectionery manufacturer, which among other things produced the "Original Salzburg Mozartkugel" by Mirabell, filed for bankruptcy again on Wednesday, as informed by the creditor protection associations Kreditschutzverband von 1870 (KSV1870) and the Alpine Creditor Association (AKV).

Production Halted

The 100 percent restructuring plan quota from the first insolvency could not be fulfilled as planned. The company gradually halted its production at the end of last year.

The Salzburg lawyer Johannes Hirtzberger was appointed as the insolvency administrator. The first creditors' meeting, report, and examination hearing was scheduled for September 22, 2025, at 11:45 a.m. at the Salzburg Regional Court. From now on, creditor claims can be registered until September 8 (court registration deadline) via KSV1870 or AKV.

First Bankruptcy Filed in 2021

In 2021, Salzburg Schokolade filed for bankruptcy for the first time. A partial quota of 20 percent was paid out to creditors as provided in the restructuring plan. The remaining 80 percent was to be paid by February 7, 2025. This was not achieved, so the company's property shares, which served as collateral for the second partial quota, are now being liquidated. According to KSV1870, this process is nearing completion.

The value of the properties is stated in a current appraisal at 9.9 million euros. Originally, however, more was expected. Therefore, the restructuring plan quota cannot be fulfilled, and a bankruptcy application had to be filed, according to the creditor protection association. It estimates the number of creditors at around 300 and the liabilities at 7.7 million euros. By the end of December 2024, 58 employees were still employed at Salzburg Schokolade, and their employment relationships have now been terminated.

(APA/Red)

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