Insolvenz Hero

No headache in the event of insolvencies.

We stand by you!

Our employees are present at every court hearing and negotiate the dividend in the creditors' best interest. Given our direct contact to the insolvency administrator, we are able to effectively assert your claims. We do not rest until we achieve the best solution.

Customer insolvent?

We inform you quickly and reliably.

File claim!

Book our representation services in insolvencies with just a few clicks.

Assert claims.

We get the best results for you on the strength of our experience and knowledge.

benefits
Since 1870

Insolvency representation is our "oldest" service.

We know what we are doing – and have known for the 145 years. As a result of the experience of our roughly 70 insolvency experts, we influence the result of insolvency procedures decisively from the very beginning.

Mandating us also strengthens the position of trade creditors in individual proceedings and the lobbying efforts for the rights of unsecured creditors in our legal system.

Some 100,000 creditors in 13,000 proceedings place their trust in us for good reason!

  • Always present at court
  • Excellently connected
  • Quick insolvency information
  • Electronic insolvency file
Benefits

On average, proceedings take 3 years and raise a lot of questions.

Benefit from the KSV1870 SmartBonus for corporate insolvencies:
No fees for representation up to an amount of EUR 5,000

Submit Insolvency Case

We take care of the following for you:

  • Filing your claims in court (legal document such as order for payment procedure)
  • Asserting separation rights (retention of title) and
  • Preferential rights (pledge rights) as well as other special rights
  • Representing you at all important court hearings
  • Recommending the write down of accounts receivable
  • Negotiating with the insolvency administrator, debtor and the debtor's representatives
  • Verifying the reasonableness and feasibility of payment proposals
  • Ensuring accompanying controls during the proceedings
  • Active support in the creditors' committees
  • Reports on the status of proceedings
  • Management of payment dates and dividend recovery
terms
Fees

Terms of insolvency representation

Corporate insolvencies

The cost of representation depends on the amount of the outstanding claim.

Claim of up to EUR 5,000
No cost of representation with SmartBonus.

Claim from EUR 5,000
50% fee reduction for representation with voucher for members.

The KSV1870 SmartBonus refers to corporate insolvencies in Austria and applies only to claims from deliveries and services, but not to loans of any kind (bonds, crowdfunding, etc.)

It can be used only once per case. The claimed amount is calculated by adding up all individual outstanding accounts against a debtor. Court fees are charged.

The Fees for Representation of Corporate Insolvencies shall apply.

Personal insolvencies

Claim of up to EUR 5,000
No cost of representation, no court fees with voucher for members.

Claim from EUR 5,000
50% fee reduction for representation with voucher for members.

Insolvenz Hero

Get representation online now!

Benefit from services that are unique in Austria!

Insolvency representation
membership
Exclusive

Benefits for Members

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Services

All about Insolvency

General Power of Attorney

The general power of attorney allows us to take action for you in insolvency proceedings without red tape.

  • Reduced administrative effort for you – a simple proof of claim is sufficient to file your case.
  • Observance of the filing deadline –  no individual power of attorney for each insolvency proceedings case
  • Any failure to observe deadlines and additional fees are thus avoided.
  • We take action only after conferring with you!

Sign a general power of attorney and send it to KSV1870.

Download Now!

Get representation online now!

Benefit from services that are unique in Austria!

Insolvency representation
faq
FAQ

Questions and answers related to insolvency representation

It matters to us that you recover as much of your claim as possible, even if your customer becomes insolvent. Please complete the general power of attorney form and send it to us along with bank statements or a list of claims and the default interest calculated. The quickest and easiest way to do this is to log onto My KSV, complete the form under the insolvency heading or directly at Insolvency Representation.

The cost of representation depends on the amount of the outstanding claim. Costs of representation are not based on the financial outcome of insolvency proceedings. The cost of representation will be invoiced at the start of the proceedings in accordance with the claimed amount. You can find a detailed statement and other important information and details at: Insolvency Information Fees

In the event that a customer becomes insolvent, the aim is to negotiate the best possible terms for the creditor, in order to reduce losses to a minimum. In order to achieve this goal, we take care of the following as part of our representation:

  • Filing your claims in court (legal document such as order for payment procedure)
  • Asserting special rights (retention of title)
  • Presence at all important court hearings
  • All the necessary negotiations with the insolvency administrator, debtor and the debtor's representative
  • Scrupulous verification of the reasonableness and feasibility of payment proposals
  • Ongoing checks on the proceedings
  • Regular reports on the status of proceedings
  • Management of payment dates
  • As well as the monitoring of your dividend (timely and accurate payment)

It's easy, especially if you already have login details to access My KSV. In this case, you login and click Insolvency and Contract us to represent you. Otherwise you choose our Online Form.

Having a stalwart representation abroad that is familiar with the respectively applicable laws and practices is a particular advantage. We will also be happy to represent you in such cases. To contract us, you follow the same procedures as for domestic cases. For applicable fees, please refer to the International Debt Recovery Fees List.

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