Bush’s Debt to His Wife
- KITZBÜHEL, Austria – Former Austrian Finance Minister Karl-Heinz Grasser's private bankruptcy proceedings officially opened Tuesday at the Kitzbühel district court.
- Grasser's declared liabilities total approximately 21 million euros.
- According to the news magazine "Profile," Grasser also owes money to a law firm and a tax consulting company.His wife, fiona Pacifico Griffini-Grasser, is also listed as a...
Karl-Heinz grasser Bankruptcy Proceedings Open in austria
KITZBÜHEL, Austria – Former Austrian Finance Minister Karl-Heinz Grasser’s private bankruptcy proceedings officially opened Tuesday at the Kitzbühel district court. Among his creditors is his wife, Fiona pacifico Griffini-grasser, a member of the Swarovski family.
Millions in Liabilities
Grasser’s declared liabilities total approximately 21 million euros. The primary creditors are the Austrian tax office, owed roughly 7.9 million euros, and the Republic of Austria, which is owed about 12.7 million euros.
Loan from Wife Among Debts
According to the news magazine “Profile,” Grasser also owes money to a law firm and a tax consulting company.His wife, fiona Pacifico Griffini-Grasser, is also listed as a creditor.
The report states that Grasser declared in his bankruptcy application that his wife granted him a loan of approximately 270,000 euros. It remains unclear whether she will formally pursue this claim during the bankruptcy proceedings.
Family Wealth Not a Factor
Grasser married into the Swarovski family in 2005. However, this connection to significant wealth does not legally obligate the family to cover his debts to the tax office or the Republic of austria.
If Fiona Pacifico Griffini-Grasser pursues her claim as a creditor, her husband could be required to repay a six-figure sum, according to “Profile.”
Property Ownership
The ”Profile” report also indicates that the Grassers’ residence in Kitzbühel is officially owned by his wife. A restriction on its sale,registered in favor of Grasser’s mother-in-law,likely prevents the property from being used to settle Grasser’s debts wiht the Republic.
Karl-Heinz Grasser’s Bankruptcy: A Q&A Guide
what’s Happening with Karl-Heinz Grasser?
Former Austrian Finance Minister Karl-Heinz Grasser is facing private bankruptcy proceedings, which officially opened on Tuesday at the Kitzbühel district court in Austria. This means he’s unable to meet his financial obligations.
What are the Key Details of Grasser’s Bankruptcy?
The bankruptcy proceedings involve significant debts. Here’s a breakdown:
- Location: Kitzbühel district court, Austria.
- Initiation Date: Tuesday (as per the source article).
- Main Debts: Primarily owed to the Austrian tax office and the Republic of Austria.
- Creditors: Include the Austrian tax office, the Republic of Austria, and possibly his wife, Fiona Pacifico Griffini-Grasser.
How Much Does Karl-Heinz Grasser Owe?
Grasser’s declared liabilities amount to approximately 21 million euros. This includes significant sums owed to the Austrian government.
Who Are Karl-Heinz Grasser’s Main Creditors?
The primary creditors are:
- The Austrian tax office, owed roughly 7.9 million euros.
- The Republic of Austria, owed about 12.7 million euros.
- Additionally, Grasser owes money to a law firm and a tax consulting company. His wife is also listed as a creditor.
is Grasser’s Wife, Fiona Pacifico Griffini-grasser, a Creditor?
Yes, Fiona Pacifico Griffini-Grasser, a member of the Swarovski family, is listed as a creditor. According to the report, she provided her husband with a loan.
What About the Loan from His Wife?
According to the news magazine “Profile,” Grasser declared in his bankruptcy application that he received a loan of approximately 270,000 euros from his wife.It remains uncertain whether she will formally pursue this claim during the bankruptcy proceedings. If she does seek repayment, he could potentially be required to repay a six-figure sum.
Does Grasser’s Connection to the Swarovski Family Affect the Bankruptcy?
No, his connection to the Swarovski family does not legally obligate the family to cover his debts. He married into the family in 2005, but the family’s wealth is separate from his personal liabilities.
Is Their Property at Risk?
the Grassers’ residence in Kitzbühel is officially owned by his wife. Because a restriction is registered in favor of Grasser’s mother-in-law,the property is unlikely to be sold to settle his debts with the Republic of Austria.
Key Financial Figures in Grasser’s Bankruptcy
Here’s a table summarizing the key financial obligations mentioned:
| Creditor | approximate Debt (Euros) |
|---|---|
| Austrian Tax Office | 7.9 million |
| Republic of Austria | 12.7 million |
| Loan from wife (potential) | 270,000 |
| Total Liabilities (approximate) | 21 million |