If a company has to file for insolvency, in practice it is particularly important for the successful restructuring of the company that the judicial restructuring is carried out  is prepared accordingly and can be processed quickly.

When preparing for insolvency proceedings, it must be decided whether bankruptcy proceedings or restructuring proceedings with or without self-administration should be applied for. What is relevant is a continued existence forecast, the available financing options, the utilization of fixed and current assets, as well as whether and to what extent payments can be made at all. The (temporary) changes that were standardized by the legislature taking into account the effects caused by the pandemic must also be taken into account.
You can find further details about the specific circumstances that need to be taken into account in our newsletter.

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