
Austria’s ongoing insolvency proceedings involved KTM AG alongside its subsidiaries after creditors filed claims worth €2.2 billion. One of the most difficult periods has hit the respected motorcycle firm whose strengths lay in racing and off-road sectors. The official hearing displayed financial institutions lead the debt profile by possessing €1.7 billion in claims against KTM AG. Among the 3,534 claims submitted to the court 2,347 originated from staff…