As insolvency administrators and consultants, our core competence includes the use of all instruments available under the German Insolvency Code when restructuring companies.
On the basis of our many years of expertise, we thus design, draw up and negotiate restructuring plans of all sizes on a regular basis and then assist in implementing them. This can mean implementing the agreed personnel measures or continuing to monitor progress through a statutory supervision of the restructuring plan by the custodian.
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 capital measures can also be used. For instance, we carried out a debt-to-equity swap for the centrotherm Group in the course of capital measures, thereby avoiding any shareholder status for the creditors.
As “restructuring plan architects” we also advise creditors and shareholders in designing concepts and protecting interests in the area of restructuring plan proceedings.