Barbara Meier’s husband Klemens Hallmann reports private bankruptcy

Klemens Hallmann, the husband of “Germany’s Next Top Model” winner Barbara Meier, submitted an application to open a renovation process with self-administration. That announced. The 48-year-old entrepreneur faces one of the greatest financial cuts in his career.

According to the available documents, the procedure currently affects 102 creditors with total claims of around 95 million euros. Particularly explosive: Around 75 million euros of this are due to eventual liabilities in the form of guarantees that Hallmann had taken over for other companies.

As the main cause of insolvency, the businessman mentions the tense situation on the real estate market. Hallmann is the owner and operational managing director of Hallmann Corporate Group, which is a focus on real estate and real estate development. The central company of the group is Hallmann Holding International Investment GmbH, which is fully owned. Hallmann Holding should not be affected by bankruptcy.

Already in April of this year, a subsidiary Hallmann, Süba AG, had to register bankruptcy. This procedure was ended at the end of July with the acceptance of a renovation plan of 20 percent, payable within two years. A precedent that could now also become a role model for Hallmann himself.

According to the Alpine Officer Association, it was crucial for the failure of the negotiations that no agreement could be reached with an important creditor. This pats situation finally forced Hallmann to go to the Vienna Commercial Court.

Hallmann intends the continuation of his company and offers the insolvency creditors a 30 percent quota to complete their demands. This is to be paid within two years from the acceptance of the renovation plan.

Klemens Hallmann and Barbara Meier have been married since 2019. Together they have two daughters.