Creditors Approve Restructuring Plan for Abtenau Ski Lift Operator, Securing Resort's Future

Abtenauer Bergbahnen Gesellschaft mbH, the company operating the ski lifts in Abtenau, Austria, has secured approval of a restructuring plan following months of insolvency proceedings at the Salzburg Regional Court.

The case, filed under number 71 S 26/26k, had a rocky path to resolution. At a June 17, 2026 hearing, not all prerequisites for debt relief had been met, forcing withdrawal of the insolvency application and a court-ordered temporary closure of the company that same day. That setback came despite an earlier breakthrough: all local farmers and landowners had by then agreed to a long-term extension of the easements needed for the resort's operations, clearing what had been considered the last major hurdle to a debt settlement.

The company was ordered to reopen by a court order dated July 2, 2026. At that point, 57 creditors had filed claims totaling roughly €6.29 million, of which around €4.47 million were recognized.

However, the final operational barrier was overcome when all local farmers and landowners agreed to a long-term extension of necessary land easements. Following these agreements, the court ordered the company to reopen on July 2, 2026.

Debt Terms and Creditor Vote

According to protection association metrics, 57 creditors have filed claims against the company totaling roughly €6.29 million, of which approximately €4.47 million are currently recognized.

During the July 22 vote, creditors formally accepted the newly submitted restructuring proposal with the required statutory majorities.

Under the terms of the approved plan:

• Creditors will receive a 20% quota of their recognized claims.

• Payouts will be distributed by the insolvency administrator within 14 days of the court’s confirmation becoming legally binding.

Creditors voted on a newly submitted restructuring plan, which passed with the legally required majorities. Under the approved plan, creditors will receive a 20 percent quota within 14 days of the plan's confirmation becoming legally binding, with distribution handled by the insolvency administrator.

Ines Kurz of KSV1870, the creditor protection association involved in the case, credited the commitment of everyone involved in reaching the outcome, saying it secures the economic foundation for the ski resort's future — a result she called important for the region, its tourism industry, and local sports enthusiasts.