A furniture retailer in Lustenau, Vorarlberg, has declared bankruptcy, leaving creditors with a payout of just 0.9 percent on nearly €1.9 million in recognised claims. The company, employing around ten staff, counted approximately 50 creditors, including the Austrian tax office and Health Insurance Fund (ÖGK), which are owed around €600,000 collectively.
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The company in question is Sema Möbelhandel GmbH. This marks the third major furniture or kitchen retail insolvency in the region within two years, following the collapses of Markus Tschohl GmbH and Art of Kitchen (Machek company). The…