CUSTODIANSHIP

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

Our services:

Our key services at a glance:

Assessing the debtor company’s financial position
Advising the board of directors
Supervising the board of directors and performing cash management in the interest of the creditors
Creating a reorganisation plan, including short-term and medium-term liquidity, revenue and HR planning

Your benefits at a glance:

The current board of directors retains control and the rights of disposal of company assets to the greatest extent possible and is still available as a trusted point of contact to the creditors, employees and members of the public
The board of directors retains complete control over the operational side of the business
Drawing on the expertise we have built up over 50-plus years of experience as insolvency practitioners, we know exactly where, when and how to best use our skills as custodians
As independent consultants, we work transparently and safeguard the interests of creditors

THROUGH OUR EXPERTISE FROM OVER 50 YEARS OF EXPERIENCE AS INSOLVENCY ADVOCATES, WE
AS ADVOCATES KNOW EXACTLY WHEN TO ENTER WHERE, HOW AND BY WHAT MEANS.

More information about debtor-in-possession management and protective shield proceedings

More information about debtor-in-possession management is available here and you can find out everything you need to know about protective shield proceedings here.