123-Transporter Files for Bankruptcy, Leaving Customers and Creditors in Limbo
123-Transporter, a transportation company, has filed for bankruptcy, leaving many customers and creditors in limbo. The Wiener Neustadt Regional Court has ruled that keeping the company running would only cause further losses. The company has liabilities of €4.7 million, mainly from deposit refund claims.
Thousands of customers have complained to the Austrian Chamber of Labor about unauthorized deductions made by 123-Transporter. These deductions were for penalties such as speeding violations or smoking in vehicles. The Association for Consumer Information (VKI) has filed three class-action lawsuits against the company in 2024 and 2025 over contractual clauses.
The company's insolvency affects around 70 creditors, a large number of customers, and five employees. Many customers are still waiting for their deposits, ranging from €500 to €1,000, to be refunded. Restructuring proceedings have begun this month without self-administration, and the debtor is committed to finding investors to enable the company's restructuring and potential reopening.
The total liabilities amount to €4.7 million, primarily from claims for deposit refunds. Despite the ongoing process, there is no information about concrete potential investors interested in the restructuring of 123-Transporter.
