Nobody wants to see their company in crisis. But no company is immune from difficulties and, if a crisis should occur, a corporate insolvency is sometimes unavoidable. The days when insolvency proceedings automatically meant the end of a company, however, are long gone. In fact, reorganisation in the context of insolvency proceedings can offer the chance of a sustainable fresh start. Our study on the sustainability of corporate reorganisations also shows this.
When it comes to insolvency administration and insolvency advice, the Schultze & Braun approach is always to keep the company entrusted to us in business wherever possible and appropriate. This is because when reorganisation succeeds, it is not just the company itself that benefits, but the creditors too. They can limit their losses to the maximum extent possible and do business with the reorganised company again in future. Reorganisation is especially beneficial for employees, who get to stay in their jobs and continue to earn a living.
In our insolvency administration activities, we use the full range of tools that modern insolvency law offers. We also draw on a wide range of expertise gained from around 50 years’ experience of restructuring and reorganisation and from our work in various roles, including as insolvency administrator, insolvency advisor, supervisor and chief restructuring officer (CRO). Schultze & Braun is among Germany’s most experienced firms of insolvency practitioners and is regularly in the top five of German insolvency firms. Our specialists – many of whom are certified specialists in insolvency and reorganisation law – are appointed by numerous insolvency courts throughout Germany to act as (preliminary) insolvency administrators.