Press Releases

FWU AG filed for insolvency on 19 July 2024. On the same day, the Local Court of Munich ordered provisional insolvency administration for the company's assets and appointed attorney Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

KOLBUS, a family-owned company that has been in business for 249 years, has initiated debtor-in-possession restructuring proceedings so that it can make use of the improved restructuring and turnaround opportunities available to it under such. The Local Court of Bielefeld, as the competent court, has ordered provisional debtor-in-possession proceedings in accordance with the company’s application and appointed restructuring expert and attorney Mr Stefan Meyer (PLUTA Rechtsanwalts GmbH) as provisional insolvency monitor.

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH, the insolvency administrator for Diadema GmbH, has announced positive news for the service company of the Diakonie charitable organisation in the Oldenburg Land region. Creditors unanimously approved the insolvency plan at the discussion and voting meeting held on 5 July 2024.

The PLUTA team under Mr Patrick Meyerle is looking for an investor for Wolfrum Formenbau GmbH und Co. KG. The family business based in Fürth had to file for insolvency in early July. On 3 July 2024, the Local Court of Fürth then ordered provisional insolvency proceedings for the company’s assets and appointed Mr Patrick Meyerle as provisional administrator. The business is operating normally and continuing to supply customers as usual.

Insolvency administrator Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH has succeeded in selling and transferring the business operations of AMIA Energy GmbH, effective 1 July 2024. Last Friday, the contracts were signed with the investor that will keep the business operating, under the company name AMIA Energy Solutions GmbH.

Grasdorf, a manufacturer of special wheels, is to position itself for the future under a debtor-in-possession restructuring process. With management having filed for initiation of debtor-in-possession proceedings, the Local Court of Hildesheim ordered provisional proceedings for Grasdorf GmbH and Grasdorf-Rad GmbH on 18 June 2024.

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH, acting in his capacity as insolvency administrator, has achieved the ideal outcome for residents of a second insolvent retirement home run by the Diakonie charitable organisation in the Oldenburg Land region. Following the successful solution for the Haarentor retirement home, the specialist attorney has now been able to find an investor for the ‘to huus achtern Diek’ retirement home in Blexen. An operating company under the Luehrsen Investment Group based in Bremen will take over the retirement home, while another business within the group will acquire the property.

Creditors of THEO WORMLAND GmbH have approved by majority vote the insolvency plan for the company at the discussion and voting meeting convened by the Local Court of Hanover, as the competent court. The court had already reviewed and approved the plan prior to this. Insolvency monitor Mr Torsten Gutmann from PLUTA Rechtsanwalts GmbH has welcomed the decision, which will enable fashion retailer WORMLAND to conclude its repositioning, probably by early August.

Mr Daniel Barth from PLUTA Rechtsanwalts GmbH has launched the process of finding an investor for TINTO GmbH. By its decision taken on 25 June 2024, the Local Court of Nuremberg ordered provisional insolvency proceedings for the company’s assets and appointed the attorney as provisional administrator.

In a creditors’ assembly held today at the Local Court of Bielefeld, 99.9% of creditors of workers’ welfare district association AWO Bezirksverband Ostwestfalen-Lippe e.V. (AWO OWL) approved the insolvency plan submitted by the central association. The plan, which provides for a sustainable restructuring, had been drawn up by the Board in close consultation with general agent Mr Andreas Budnik from the law firm AndresPartner and the insolvency monitor, attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH. Following the creditors’ vote, the plan was confirmed by the court at the same meeting.

Töpfer GmbH, a leading producer of organic baby food, can continue its restructuring. The Local Court of Kempten opened in-court restructuring proceedings under debtor-in-possession management on 1 July 2024 as planned, thus confirming that the business is capable of being restructured.

LignoSmart Holztechnik GmbH based in Lübbecke has filed for insolvency due to liquidity problems. Following this, on 21 June 2024, the Local Court of Bielefeld ordered provisional insolvency proceedings and appointed Dr André Wehner from PLUTA Rechtsanwalts GmbH as provisional administrator. He is now looking for an investor that will make the furniture component supplier fit for the future.

Mr Ivo-Meinert Willrodt, insolvency administrator for MARO Genossenschaft für selbstbestimmtes und nachbarschaftliches Wohnen eG (MARO), has announced positive progress in the cooperative’s insolvency proceedings. The restructuring expert from PLUTA Rechtsanwalts GmbH is currently working with his team on an insolvency plan intended to allow for a sustainable and viable realignment of MARO’s operations. He has already completed a number of significant initial steps, while key business partners and banks have also pledged their support.

Amscan Europe GmbH has filed for insolvency. Yesterday, the Local Court of Esslingen then ordered provisional insolvency administration for the company’s assets and appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as provisional administrator.

Having maintained its operations within the framework of debtor-in-possession proceedings for the past 14 months, shoe wholesaler J.H. Pölking has achieved a restructuring plan solution. Creditors approved the submitted insolvency plan in early May 2024. The Local Court of Osnabrück has terminated the restructuring proceedings effective 31 May 2024.

Weissglut GmbH, which runs the restaurant of the same name in Amberg, Bavaria, has filed for insolvency. Following this, on 5 June 2024, the Local Court of Amberg ordered provisional insolvency proceedings and appointed Mr Daniel Barth from PLUTA Rechtsanwalts GmbH as provisional administrator.

Fintech company Dock Financial based in Munich has filed for insolvency. On 22 May 2024, the Local Court of Munich ordered provisional insolvency proceedings. The court appointed attorney Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for Dock Financial GmbH. His colleague, attorney Ms Marlene Scheinert, was appointed provisional insolvency administrator for parent company Dock Financial Capital GmbH. Both restructuring experts are being supported by attorney Mr Mirko Möllen.

Achtzig20 GmbH has initiated debtor-in-possession restructuring proceedings with the aim of putting the management consultancy firm on a viable footing. Dr Maximilian Pluta and Mr Hans-Christian Källner, restructuring experts at PLUTA Rechtsanwalts GmbH, are supporting the repositioning under the lead management of Mr Ivo-Meinert Willrodt. In early June, the Local Court of Ingolstadt ordered provisional debtor-in-possession management and appointed attorney Mr Marc-André Kuhne from law firm dkr kuhne dr. raith in Munich as provisional insolvency monitor. He is overseeing the proceedings and representing the interests of the creditors.

The PLUTA team has been able to achieve a follow-up solution under debtor-in-possession proceedings for Falter, a company based in the federal state of Hesse. Die Dachspezialisten GmbH, a Lighthouse Group company, has acquired the business operations and all remaining employees by way of an asset deal, effective 1 June 2024.

The PLUTA team has announced the sale of another company as part of the Allgaier Group’s insolvency proceedings. Insolvency administrator Mr Fritz Zanker has sold the Mexican subsidiary of Allgaier Werke GmbH to an Italian investor. Some 500 jobs in Mexico will therefore be saved.

Mr Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH has achieved a follow-up solution for Koelble & Brunotte GmbH, the operator of the eponymous, long-established fashion store in Stuttgart city centre. Following intensive negotiations, the insolvency administrator has succeeded in finding an investor for the business. The buyer will acquire the operations as part of an asset deal, effective 1 June 2024, and keep on all 14 employees. The purchase agreement has already been signed.

Real estate developer INTERBODEN has been sold. Management, advisors at law firm ATN, attorney Dr Marc d’Avoine, Mr Ignacio Ordejón and attorney and business management expert Mr Paul Michels as well as attorney Dr Uwe Paul from PLUTA Rechtsanwalts GmbH have found an investor. The Götzen shareholder family provided significant support for the process.

Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH has been appointed insolvency administrator for MARO Genossenschaft für selbstbestimmtes und nachbarschaftliches Wohnen eG, a cooperative with a mission to enable people to lead self-determined lives within community settings. The Local Court of Munich ordered regular insolvency proceedings for the cooperative on 28 May 2024.

DIY Element System GmbH based in Rottenacker has filed for debtor-in-possession insolvency with the Local Court of Ulm. Restructuring expert Mr Marc-Philippe Hornung from law firm SZA Schilling, Zutt & Anschütz joined the management board once the provisional debtor-in-possession proceedings were ordered and is supporting DIY in these. The Local Court of Ulm (insolvency court) has appointed Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor.

Insolvency administrator Mr Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH has found a sustainable solution in the proceedings for campus GmbH Bauten für Bildung und Sport. An insolvency plan requiring creditor approval was drawn up in recent weeks. This has secured the future of the firm of architects, which is primarily involved in the design and construction of public facilities.

Some of the companies in the wohninvest real estate group based in Fellbach, near Stuttgart, have filed for insolvency. The Local Court of Stuttgart, as the competent court, has appointed attorney Mr Ilkin Bananyarli from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

In the insolvency proceedings for automotive supplier FRIMO, insolvency administrator Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH, a specialist attorney for insolvency and restructuring law, has announced the completion of the M&A transaction. Through his efforts and those of his PLUTA restructuring team, management at the company and advisors to the buyer, FRIMO Innovative Technologies GmbH, all closing conditions contained in the company purchase agreement have been met and the transaction has therefore been completed. This brings to a successful conclusion the process of finding an investor for the automotive supplier, which currently employs around 900 people worldwide.

AMIA Energy GmbH filed for insolvency on 8 May 2024. Following this, on the same day, the Local Court of Charlottenburg ordered provisional insolvency administration for the company’s assets and appointed attorney Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH as provisional administrator.

Good news in the insolvency proceedings for personnel service provider Hartmann Personaldienste GmbH based in Düsseldorf: Tempton Personaldienstleistungen GmbH will manage the business going forward. Almost all jobs have been saved.

Insolvency administrator Mr Peter Roeger from PLUTA Rechtsanwalts GmbH has announced that the insolvency plan is now legally binding and the Bayreuth Tigers have therefore been saved. No creditor objected to the insolvency plan for the restructuring of Bayreuth Tigers Eishockey GmbH (now onesto Tigers Bayreuth Eishockey GmbH) in the past 14 days. The Local Court of Bayreuth will terminate the insolvency proceedings in the coming weeks and Bayreuth will continue to enjoy professional ice hockey as the club is now in a position to apply for its Upper League licence.