Debtor-in-possession management requires an independent consultant and custodian.
Recent reforms in insolvency law have focused on making it easier to reorganise companies. This means that debtor-in-possession management and its specific use in protective shield proceedings is becoming increasingly prevalent during company reorganisations. Instead of appointing an insolvency practitioner, the court appoints a custodian who is responsible for advising and supervising the board of directors. The custodian also draws up or helps to prepare the insolvency plan. Our experts have already successfully acted as custodians on numerous occasions.
As proactive company reorganisation specialists, we help companies to continue as a going concern, all the while taking into account the interests of creditors and employees.
What you need to know about custodianship
- Special form of insolvency administration in debtor-in-possession management
- By acting as an independent party, the custodian ensures that all stakeholders work together constructively and in an orderly manner