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.
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. Debtor-in-possession management
Upon presentation of a restructuring certificate in protective shield proceedings, the court grants the company a period of three months to draw up a restructuring plan which enables the legal entity to be maintained.