Overview

• Hallmann has applied for a Sanierungsverfahren with Eigenverwaltung at the Handelsgericht Wien to regulate his debts while retaining control.
• Documents list roughly €95 million in creditor claims, with about €75 million stemming from guarantees he issued.
• His proposed plan offers creditors a 30% repayment within two years, pending court and creditor approval.
• The Alpenländischer Kreditorenverband cites failed negotiations with a major creditor as the immediate trigger, as his team points to tight capital and real-estate markets.
• Meier says the ordeal has brought them closer; reports indicate his main holding is not affected as the case advances through court review.