Insolvency consultation
We advise and represent creditors with regard to the enforcement of their claims against debtors, and companies in crisis with regard to all reorganization and insolvency issues.Creditors' predominant interest in a debtor's impending insolvency is to protect themselves in time against bad debt losses, or, in case of insolvency, fully to exhaust their rights and possibilities in order to reduce bad debt losses to a minimum as far as possible. We represent creditors on all levels which a debtor's impending or already occurred insolvency may entail. This begins with optimizing the claim management, continues with drawing up insolvency-protected safeguard clauses within the framework of general terms and conditions, and may end with representation in court in insolvency disputes
We act on clients' behalf in winding-up proceedings and support them when filing proof of a debt and, if necessary, in court proceedings when contested claims have to be established in the schedule of creditors' claims by the insolvency administrator. We also represent clients during the enforcement of their right to separation and/or right to separate satisfaction and undertake structuring and advising of supplier and banking pools.
Even if the opening of insolvency proceedings is denied for lack of assets, there are frequently liability claims against a debtor's managing directors or partners. We have many years of wide-ranging experience in the enforcement of a client's legal position.
In crisis situations debtor companies are confronted with many problems; their executive bodies in particular face not inconsiderable liability risks. We offer clients our advice in such situations and support them with regard to all issues relating to corporate reorganization and insolvency. We develop restructuring and reorganization strategies with them. Or aim is to ensure a company's continued existence and to avoid winding-up.