Austria collection profile

Austria-bnr

 

Collecting debts in Austria

  • The payment behaviour of domestic companies is good and the EU legal framework provides reliable tools when it comes to late payment issues.

  • The court system is efficient and reliable but pre-legal action conducted by specialists remains the most effective method of collecting debt.

  • Austrian insolvency law aims to rescue companies in order to increase the chances of recovering debts. About 20% of opened insolvency proceedings are finalized through fulfilled reorganization plans providing a minimum quota of 20%. However, it is rare for unsecured creditors to recover significantly where reorganization fails or bankruptcy proceedings are started from the beginning.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Austria

    Austria

    Collection complexity

    notable-2

    Collection relating to

    Payments
    $-1
    Court
    proceedings
    Gav-1
    Insolvency
    proceedings
    Arrow-2

     

     

    Publications about Autria

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