Insolvency proceedings are subject to statutory conditions and procedures and require extensive cooperation by the management of the insolvent company. If the debtor company meets the requirements for a financial recovery, the focus moves to positive continuation of the business while respecting the debtor and creditor interests.

In both remediation procedures (with and without self-administration) the company's assets remain under ownership of the debtor company. In the rehabilitation phase, it helps if the operative management puts its focus on the positive continuance of the operational business and the external consultant takes over the administration of the bankruptcy proceedings in agreement with the insolvency administrator as well as the handling of insolvency triggering problem areas.

  • List of assets, status, creditors list, balance sheets
  • Examination of financial recovery capacity
  • Creation of restructuring plan and continuation forecast
  • Safeguarding of required working captial 
  • Debtor application for financial recovery proceeding
  • Agreements with segregated creditors
  • Dissolution of contractual obligations
  • Support until repeal of remediation / insolvency proceeding
  • Support until satisfaction of all creditors' claims
  • Support until the completed reorganization