Strategies for the future - The key role of standard insolvency administration

Although out-of-court restructuring is generally a highly recommended approach, there are situations in which this is not possible. Examples include cases where the dispute of shareholders dominates the situation, material contractual arrangements inhibit reorganisation or an uncompromising creditor delays or blocks any approach. In such instances, well-prepared, orderly insolvency proceedings can also result in companies being able to continue business operations. As in all cases of insolvency, the quicker the correct course of action is taken, the better the outlook.

Wherever possible, our focus is on preserving the value of the company and increasing the insolvency estate. In this difficult time for the company, it is particularly important to us that you do not perceive us as administrators in the technical sense.

Rather, we see it as our task to find solutions. With our specialist expertise, pragmatic approach and dedication to our work, we identify the right option for every company and provide advice every step along the way.

What you need to know about standard insolvency administration:

• The court-appointed insolvency administrator assumes responsibility for the company
   
• The expertise and experience of the insolvency administrator and the respective team are the decisive factors for the prospects of the insolvent company and its employees on the one hand - and the creditors' interests in compensation on the other
   
• Easier cancellation of economically unfavourable contracts, for example through special termination rights regarding long-term contracts (e.g. rent, leasing) or lower social plan volumes in the case of staff reductions