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Your press contact: Patrick Sutter, relatio PR, +49 89 210 257-22, press@pluta.net

PLUTA attorney Möllen appointed provisional insolvency administrator for Cardio Fitness in Starnberg

7 August 2020 · Munich · Business Area Insolvency Administration

On 3 August 2020, the Local Court of Weilheim in Upper Bavaria ordered provisional insolvency proceedings for the assets of Cardio Fitness Center GmbH and appointed Mr Mirko Möllen from PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA expert Gutmann finds investors for Alfeld-based newspaper and advertising journal distributor

30 July 2020 · Hildesheim · Business Area Insolvency Administration

Restructuring expert Mr Torsten Gutmann from PLUTA Rechtsanwalts GmbH has succeeded in finding investors for D & O Werbe- und Vertriebsservice GmbH. Effective 1 August 2020, publisher Funke Mediengruppe will take over the operations of the distribution company in Osterode. The Alfeld site will also be sold to an investor from Hanover on 1 August 2020. The parties involved have agreed not to disclose the purchase price. The agreements reached mean that all jobs have thereby been saved.

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Michael Pluta appointed provisional insolvency monitor for Krankenhaus 14 Nothelfer

29 July 2020 · Weingarten · Business Area Insolvency Administration

Krankenhaus 14 Nothelfer, a Weingarten hospital, is to be restructured under debtor-in-possession insolvency proceedings. The necessary application was filed with the Local Court of Ravensburg on 28 July 2020 due to imminent illiquidity. The court ordered provisional debtor-in-possession proceedings and appointed Mr Michael Pluta from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor.

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Company providing diaconal elderly care in the Hildesheim region exits insolvency proceedings

24 July 2020 · Hildesheim · Business Area Insolvency Administration

Diakonische Altenhilfe der Region Hildesheim gGmbH, a company providing diaconal elderly care in the Hildesheim region, is set to exit debtor-in-possession insolvency proceedings after just seven weeks. The Local Court of Hildesheim will soon terminate the proceedings now that the creditors have approved an insolvency plan presented by the company on 21 July 2020. The Steinberg facility and 330 jobs within the Leine-Innerste diaconal association have been saved.

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Investor found for G-fashion Group in spite of the pandemic

17 July 2020 · Bayreuth · Business Area Insolvency Administration

A follow-up solution has been achieved for the G-fashion Group in spite of earlier store closures during the coronavirus pandemic. Effective 1 July 2020, an investment company has acquired two of the clothing retailer’s stores in Munich as well as the group’s headquarters in Bindlach

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Markdorf manufacturer ZIM Flugsitz to restructure itself under debtor-in-possession proceedings

14 July 2020 · Markdorf · Business Area Restructuring

ZIM Flugsitz GmbH has filed an application for debtor-in-possession insolvency proceedings with the Local Court of Constance. The court has ordered the provisional proceedings to be opened and appointed attorney Mr Martin Mucha from law firm GRUB BRUGGER as provisional insolvency monitor. Management at the aircraft seat manufacturer based in Markdorf, in the Federal State of Baden-Württemberg, will be supported by experts Mr Jochen Glück and Dr Maximilian Pluta from the PLUTA restructuring company.

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PLUTA attorney Laboga appointed provisional insolvency monitor for Eisengießerei Torgelow

13 July 2020 · Torgelow · Business Area Insolvency Administration

Iron foundry Eisengießerei Torgelow GmbH will restructure itself under debtor-in-possession proceedings. Management today filed a corresponding application with the Local Court of Neubrandenburg, which has already been approved by the court. Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH has been appointed provisional insolvency monitor.

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PLUTA restructuring expert Stefan Meyer finds investor for Niemann Formholztechnik

2 July 2020 · Bielefeld · Business Area Insolvency Administration

Restructuring expert Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for Niemann Formholztechnik GmbH & Co. KG based in Preußisch Oldendorf. The furniture manufacturer has been bought by Emotion Warenhandels GmbH in Bremen. Effective 1 July 2020, the company has acquired the business and has kept on all of the 25 current employees. The production facility at the Preußisch Oldendorf site will be retained. The parties have agreed not to disclose the purchase price.

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PLUTA attorney Sebastian Laboga appointed provisional administrator for Trockland IX Real Estate

26 June 2020 · Berlin · Business Area Insolvency Administration

Trockland IX Real Estate GmbH has filed for insolvency with the Local Court of Charlottenburg. The court has appointed Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator.

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PLUTA restructuring expert Georg Jakob Stemshorn finds investor for warehouse technology company

18 June 2020 · Augsburg

Mr Georg Jakob Stemshorn from PLUTA Rechtsanwalts GmbH has achieved a follow-up solution for Schwab Förder- und Lagertechnik GmbH based in Oettingen. SÜDSTAHL GmbH & Co. KG will take over the business operations of the long-established Bavarian company by way of an asset deal. The contract was signed with effect from 10 June. The parties involved have agreed not to disclose the purchase price.

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Investor found for construction company – PLUTA attorney Ingo Thurm acting as insolvency monitor

12 June 2020 · Hannover · Business Area Insolvency Administration

In spite of the current challenging situation, an investor has been found for Heinrich Kütemeyer Baugeschäft GmbH based in Hanover. Effective 1 June 2020, the business operations have been sold under an asset deal to Franke Bauunternehmen GmbH from Sarstedt, near Hanover. All staff have been kept on and managing director Mr Markus Pfeffermann will also remain on board. The Heinrich Kütemeyer construction company has been involved in provisional debtor-in-possession proceedings since March 2020.

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Investor solution for Vapiano in Germany

3 June 2020 · Cologne · Business Area Insolvency Administration

The management board of Vapiano SE, in consultation with insolvency administrator Dr Ruth Rigol from PLUTA Rechtsanwalts GmbH, has succeeded in finding an investor for the Vapiano restaurant chain in Germany. At the same time, the Local Court of Cologne opened insolvency proceedings for Vapiano SE with effect from 1 June 2020 and appointed Dr Ruth Rigol as insolvency administrator.

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PLUTA attorney Dr Brüninghoff appointed provisional administrator for fashion house in Ibbenbüren

2 June 2020 · Münster · Business Area Insolvency Administration

fc retail GmbH filed an application for the opening of insolvency proceedings on 29 May 2020. Following this, the Local Court of Münster ordered provisional insolvency proceedings and appointed Dr Ria Brüninghoff from PLUTA Rechtsanwalts GmbH as provisional administrator. The company runs a long-established fashion emporium in Ibbenbüren in the German state of Westphalia.

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PLUTA restructuring expert Sebastian Laboga rescues Hello Vape

28 May 2020 · Berlin · Business Area Insolvency Administration

The future of e-cigarette reseller Hello Vape has been secured. All of the company’s current 16 stores throughout Germany will continue operating and the jobs will be retained. Insolvency administrator Mr Sebastian Laboga, a restructuring expert from PLUTA Rechtsanwalts GmbH, has been able to transfer the business to a strategic investor with effect from 16 May 2020. The investor has chosen to remain anonymous.

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PLUTA attorney Stefan Meyer appointed provisional insolvency monitor for Brinkhege Bakery

27 May 2020 · Bissendorf · Business Area Insolvency Administration

Ms Heike Brinkhege, managing partner of Bäckerei Brinkhege GmbH & Co. KG, has filed an application to open debtor-in-possession insolvency proceedings at the Local Court of Osnabrück. This application was accepted during the provisional proceedings. Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH, an attorney specialising in corporate restructuring under debtor-in-possession management, has been appointed provisional insolvency monitor.

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PLUTA restructuring expert Frank Mößle achieves 100% recovery rate for creditors

14 May 2020 · Frankfurt · Business Area Insolvency Administration

Good news for creditors in the proceedings of the insolvent company DiOmega GmbH from Frankfurt: PLUTA expert Mr Frank Mößle has been able to fully satisfy the claims filed by them. The proceedings will soon be concluded.

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PLUTA attorney Heike Metzger finds investor for trade fair service provider in spite of COVID-19

7 May 2020 · Business Area Insolvency Administration

The coronavirus pandemic has dealt a particularly severe blow to the trade fair and event industry. Restructuring expert Ms Heike Metzger from PLUTA Rechtsanwalts GmbH has now achieved a good outcome for hms easy stretch GmbH from Heilbronn. Effective 1 May 2020, a medium-sized investor from the region has taken over the trade fair service provider’s business operations and its 37 employees.

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PLUTA restructuring expert Dr Lehr finds investor for specialist publisher

4 May 2020 · Ludwigsburg, Germany · Business Area Insolvency Administration

Dr Matthias Lehr from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for agt agile technik verlag GmbH. The Ludwigsburg-based publisher specialising in technical magazines had to file for insolvency in February 2020 due to liquidity problems. Effective 1 May 2020, specialist publisher TeDo Verlag GmbH from Marburg has taken over business operations.

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Sales process commenced for Vapiano Group

30 April 2020 · Cologne, Germany · Business Area Insolvency Administration

The management board of Vapiano SE, together with provisional insolvency administrator Dr Ruth Rigol, decided today to commence a sales process which may also extend to the global business, restaurant portfolio or assets of the Vapiano Group. The sales process with interested investors is planned to run until the end of May 2020, and will not include the franchise restaurants (especially in Germany).

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PLUTA attorney Ilkin Bananyarli appointed provisional insolvency monitor for Hittech Prontor

29 April 2020 · Bad Wildbad, Germany · Business Area Insolvency Administration

Mr Volker Kiefer, Managing Director of Hittech Prontor GmbH in Bad Wildbad, is looking to restructure the long-established company through debtor-in-possession proceedings and put it back on a competitive footing.

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Gustav Knippschild and Sander Maschinenbau insolvency plans unanimously approved by creditors

23 April 2020 · Rinteln · Business Area Restructuring

Gustav Knippschild GmbH and Sander Maschinenbau GmbH & Co. KG took a decisive step forward today. The creditors’ assemblies of both companies unanimously approved the insolvency plans designed to secure the existence of both companies. Managing directors Mr Andreas Eder and Mr Dirk Vogt thanked the creditors at the meetings for their trust. Such a key part of the restructuring process could not have been implemented within such a short time without the support of employees and their representatives, the main bank involved and also suppliers and customers. The companies will further improve production processes and distribution channels on this basis. The managing directors of both companies are being supported by PLUTA restructuring expert Mr Torsten Gutmann. Dr Rainer Eckert from law firm Eckert Rechtsanwälte is the insolvency monitor for both debtor-in-possession proceedings.

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PLUTA attorney Torsten Gutmann appointed insolvency monitor for transport company NORD-EXPRESS

20 April 2020 · Langenhagen/Hannover · Business Area Insolvency Administration

Mr Alexander Klein, managing director of Langenhagen-based NORD-EXPRESS Transport GmbH, has filed an application to open debtor-in-possession insolvency proceedings with the competent Local Court of Hanover. Dr Georg Heidemann of Stellmach & Bröckers, a law firm specialising in corporate restructuring, is assisting management in his capacity as general agent. Attorney and business management expert Mr Torsten Gutmann from PLUTA has been appointed provisional insolvency monitor.

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Insolvency proceedings opened for Bock and Weisser

8 April 2020 · Singen · Business Area Insolvency Administration

On 1 April 2020, the Local Court of Rottweil opened insolvency proceedings for Bock GmbH & Co. KG from Lauterbach. Mr Florian Schiller from PLUTA Rechtsanwalts GmbH was appointed insolvency administrator. He had previously acted as provisional administrator for the company. Insolvency proceedings for the assets of sister company Weisser Werkzeugbau GmbH & Co. KG from Deißlingen were also opened on the same day. PLUTA restructuring expert Mr Steffen Beck is involved as insolvency administrator in these proceedings for Weisser.****

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High recovery rate for creditors of Bayerisch Gmain Pflege- und Therapiezentrum GmbH

7 April 2020 · Bayerisch Gmain/Traunstein · Business Area Insolvency Administration

Creditors of the insolvent care and therapy centre in Bayerisch Gmain last week unanimously approved the insolvency plan presented by the company. The Local Court of Traunstein then confirmed this plan. The company has been involved in debtor-in-possession insolvency proceedings since late 2017. Mr Mirko Möllen from PLUTA Rechtsanwalts GmbH, as insolvency monitor, has been monitoring the proceedings and representing the interests of creditors.

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PLUTA restructuring expert Dr Christian Kaufmann appointed provisional administrator for Strandlust hotel

6 April 2020 · Bremen · Business Area Insolvency Administration

Restructuring expert Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH is the provisional insolvency administrator of Strandlust GmbH & Co. KG. The Local Court of Bremen ordered provisional proceedings on 2 April 2020 and appointed the experienced attorney as provisional administrator. The company operates the well-known Strandlust hotel, located directly on the River Weser in the Vegesack district in the north of Bremen.

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PLUTA restructuring expert Heike Metzger holds discussions with investor for hms easy stretch

6 April 2020 · Heilbronn · Business Area Insolvency Administration

Insolvency administrator Ms Heike Metzger from PLUTA Rechtsanwalts GmbH is currently holding promising discussions with a potential investor for hms easy stretch GmbH based in Heilbronn. A non-binding memorandum of understanding has already been signed. The details still need to be negotiated in the weeks ahead. On 1 April 2020, the Local Court of Heilbronn opened insolvency proceedings for the company’s assets and appointed attorney Ms Heike Metzger as insolvency administrator. She had already been involved as provisional administrator.

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PLUTA restructuring expert Dr Ruth Rigol appointed provisional administrator for Vapiano

2 April 2020 · Cologne · Business Area Insolvency Administration

The management board of Vapiano SE has filed for insolvency with the Local Court of Cologne. The court has appointed Dr Ruth Rigol of PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for the restaurant chain. Dr Rigol and the PLUTA team have begun their work and are in the process of gaining an initial overview of the situation with the support of the management board and consultants.

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PLUTA restructuring expert Sebastian Laboga appointed provisional administrator for online furniture retailer Sitzfeldt

2 April 2020 · Berlin · Business Area Insolvency Administration

By an order of 1 April 2020, the Local Court of Charlottenburg has appointed Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for Sitzfeldt GmbH. The online retailer of designer sofas and premium seating furniture has had to file for insolvency due to a significant decline in sales as a result of the ongoing COVID-19 crisis. It had to close its showrooms across Germany two weeks ago. Sales via its online store have also been suspended at this time. This has led to the failure of a planned funding round.

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Focus on continued operations: Seelig + Co. Feinblechbau GmbH undergoes restructuring

30 March 2020 · Business Area Insolvency Administration

On 30 March 2020, Seelig + Co. Feinblechbau GmbH decided to file for debtor-in-possession proceedings under section 270a of the German Insolvency Code (InsO). Effective yesterday, 1 June, those proceedings have now been opened. “Based on the expert report from insolvency monitor Mr Michael Pluta, the court has thereby confirmed that our company is not only capable but also worthy of restructuring,” emphasised managing directors Ms Sabine Bieber and Mr Thomas Seelig. This is good news – for management and employees, but also for customers and suppliers: “The business will remain operating without change, while our long-term continuation remains our clear focus.”

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Seelig + Co. Feinblechbau GmbH enters debtor-in-possession proceedings

30 March 2020 · Business Area Insolvency Administration

Effective 30 March 2020, Seelig + Co. Feinblechbau GmbH based in Neresheim, Germany, has entered provisional debtor-in-possession proceedings pursuant to section 270a of the German Insolvency Code (InsO). The family business had already embarked upon a rigorous restructuring at the start of the year, but the flagging economic situation in recent times has now necessitated the next step. Seelig + Co. Feinblechbau GmbH will be able to use the debtor-in-possession proceedings to completely restructure itself under its own steam, while maintaining business operations. The long-established company will be assisted in this by external specialists: restructuring experts from Planer & Kollegen GmbH based in Landsberg am Lech will oversee the debtor-in-possession proceedings and support the management team during the entire restructuring process. The local court has appointed Mr Michael Pluta from PLUTA Rechtsanwalts GmbH as provisional insolvency monitor. He will monitor the proceedings while representing the interests of creditors.

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