Unlike conventional insolvency proceedings, with self-restructuring, the existing management retains control to a large extent. Here, we provide assistance to the company in the capacity of executive body or general representative, thus minimising the negative external impact of insolvency.
anchor Rechtsanwälte provides assistance to shareholders and managing directors in preparing and carrying out debtor-in-possession management, protective shield and restructuring plan proceedings.
During the entire restructuring process, from drafting a restructuring concept and communicating it through to implementing the planned measures, we can draw on our long-standing experience in insolvencies and restructurings.
The earlier the possibility of self-restructuring is explored, the greater the likelihood that it will be prepared and implemented with professionalism and so achieve the success desired.
The existing management remains in complete control of the situation. Preserving the existing expertise and the networks built up over many years expedites the restructuring process.
Within a reasonable timescale, ideally not lasting longer than five or six months, we find solutions that are tailored to the needs of the particular company and reorganise it as part of a joint effort. This presents the possibility of using a restructuring plan to organise also participating interests so that they are again recoverable.
The existing shareholder structure can also be optimised in a restructuring plan, whereby customised capital measures such as debt-to-equity swaps can be used. As “restructuring plan architects” we also advise creditors and shareholders in designing concepts and protecting interests in the area of restructuring plan proceedings.
Requirements and order of events in debtor-in-possession management – German only (pdf)
Debtor-in-possession management from the perspective of the contractual partner – German only (pdf)
Restructuring plan from the creditors’ perspective – German only (pdf)