Lyconet / myWorld insolvency: The files are unambiguous – the inconvenient truth about the quota

According to the files of the insolvency proceedings, the reality is clear and sobering: For the vast majority of former marketers involved in the insolvency proceedings, this chapter ends not with a quota, but with an illusion.

The reports now available from several insolvency administrators paint a sober, stark, and verifiable picture that is no longer compatible with any contrary statements. Despite an existing economic crisis, approximately 18,500 new marketing contracts were concluded after the insolvency filing in August 2025. At the same time, there are over 40 formally fully consolidated foreign subsidiaries, which, according to the insolvency administrators, are largely insolvent or economically worthless. Furthermore, there are significant doubts about the accuracy of previous financial statements. In this situation, satisfaction from the insolvency estate is virtually impossible. Or, to put it more clearly: these claims are economically dead.

Furthermore, numerous marketers registered in the insolvency proceedings completely unnecessarily and without any legal justification, as they had no contractual relationship with the insolvent companies. Anyone with common sense and basic knowledge of corporate law recognizes that this has always been a principle of the operators of Lyoness/ Lyconet / myWorld : to lead their marketers into a corporate legal void. We have been warning about this since 2017 and have been able to confirm this ourselves in numerous court cases.

Mass insufficiency: Numbers that speak for themselves

Financial position of Lyconet Austria GmbH :

Active assets: EUR 100,849.22
Registered Demands : approximately 8.6 million EUR
Of which €1.41 million was recognized
Of this amount disputed : EUR 2.39 million
Mass deficiency : consists furthermore

This ratio is not an anomaly; it is structural. Even if all recognized claims remain valid, the total amount is nowhere near sufficient for a relevant quota.

The insolvency administrators state it openly: A payout is only conceivable if claims against third parties are successfully pursued. An important point for our customers!

Financial position of myWorld International AG:

Low actual substance:

Property Großwilfersdorf : Market value only 157,000 EUR
Brand “ myWorld ”: listed for sale – without a stated value
Learjet 75 (OE – GJW):
- Insolvency sale value approximately 4.27 million EUR
- known for years , serious Engine shortage
- multiple Warranty claims
- Shutdown since February 2025
Over 40 foreign subsidiaries :
- formally 100% shareholdings
- In fact, according to the insolvency administrators widely insolvent or worthless

Demands against the wrong society – a core structural problem

The third report of the insolvency administrator leaves no room for interpretation on this issue:

A significant portion of the registered claims are directed against companies that lack passive standing to be sued .

Specifically This means :

No contracts existed with the insolvent entity.
rather with Foreign subsidiaries ,
with operational Lyconet -/ myWorld – subsidiaries ,
or with platforms outside the now insolvent legal entities .

Legally, this is disastrous. Anyone who files a claim against the wrong debtor has no valid insolvency claim – regardless of how real the perceived economic damage is.

The consequence is predictable: massive denials , formal rejections and ultimately the exclusion of thousands of marketers from the process, not because of missed deadlines, but because of a lack of legal basis for their claims .

Subordinated creditors: Marketer economically written off

The situation is particularly precarious for marketers whose claims are classified as subordinate – for example:

Commission models ,
internal programs,
loan-like structures,
Internal system balances.

The legal situation is as follows:

Subordinated claims will only be satisfied after all other creditors have been fully satisfied .
In the case of an existing insufficient mass, this is practically impossible .

Or to put it bluntly: These demands are economically dead.

The hope of seeing any money through the insolvency itself is not only slim – it is unrealistic.

Delaying insolvency proceedings? The standard checkpoints are on the table.

The reports cite several pieces of evidence that cannot be ignored from a legal point of view:

Doubts about the accuracy of previous annual financial statements
Unclear Time of material insolvency
Contracts continued to be signed with approximately 18,500 marketers , even though the economic crisis was already underway.
Payment flows between group companies despite obvious imbalances

These are classic points of investigation in cases of potential insolvency fraud (§ 159 of the German Criminal Code). Further investigation – including data analysis by external auditors – is ongoing.

The inconvenient truth for believers

The facts are clear and fully documented by reports from several insolvency administrators:

Without liability enforcement or criminal proceedings: virtually no money
Subordinated creditors: economically copied
Relevant hope: exclusively outside the classic insolvency quota

Anyone who still suggests today that simply filing a claim guarantees a later payment is either acting ignorantly or misleadingly .

Why individual proceedings and claims by marketers in insolvency proceedings were doomed to failure from the outset

The now publicly available files confirm why a purely formal approach via individual registrations was doomed to failure from the outset. Claims against the wrong company, subordination, insufficient assets, and a lack of recourse to liability are not surprising, but rather inherent to the system.

Customers who opted early for bundling their claims, having them reviewed outside the insolvency estate, and exploring potential liability and avoidance strategies are therefore in a fundamentally different position. Not because a payout is guaranteed – but because their options are not solely dependent on the empty insolvency estate .

Conclusion

The insolvency proceedings surrounding myWorld and Lyconet are not a distribution problem – they are a substance problem . For thousands of marketers, the journey doesn’t end with a quota, but with the realization that their claim never existed where they filed it.

What remains are questions of liability, grounds for avoidance, and criminal investigations . For most, insolvency itself is merely the formal stage on which this chapter is finally closed.

Note: This article is a journalistic analysis. It separates facts, opinions, and legal assessments and is based solely on available insolvency reports and asset liquidation documents. It does not constitute legal advice .