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

Insolvency plan approved – PLUTA attorney Ivo-Meinert Willrodt secures future of Gzimi

11 August 2022 · Munich · Business Area Insolvency Administration

The creditors of Gzimi Garten- und Landschaftsbau GmbH, a horticulture and landscaping business based in Olching, near Munich, yesterday approved the presented insolvency plan at the voting meeting. Insolvency administrator Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH welcomed the high vote in favour of the devised strategy for the future. All jobs at the Olching site have therefore been saved.

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Tool manufacturer Schwarz to reposition itself as a debtor in possession

5 August 2022 · Preußisch Oldendorf · Business Area Insolvency Administration

On 4 August 2022, the Local Court of Bielefeld ordered in-court restructuring proceedings and, in parallel, provisional debtor-in-possession management for Heinz Schwarz GmbH & Co. KG.

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Dr Thiemann achieves high recovery rate for creditors of Metallbearbeitung Automotive Ahlen GmbH

28 July 2022 · Münster · Business Area Insolvency Administration

Good news for creditors of Metallbearbeitung Automotive Ahlen GmbH: attorney Dr Stephan Thiemann from PLUTA Rechtsanwalts GmbH, acting in his capacity as insolvency administrator and with responsibility for winding down operations and liquidating the company, has succeeded in completing the proceedings with an exceptionally high recovery rate of more than 68% for creditors.

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Kleeschulte insolvency plan becomes legally effective – debtor-in-possession proceedings terminated

27 July 2022 · Büren · Business Area Restructuring

Regional partner acquires 50% of shares in agricultural company Kleeschulte

Good news for Kleeschulte, the well-known and long-established agricultural company: the restructuring process and debtor-in-possession proceedings have been concluded. The company’s future has been secured thanks to an insolvency plan that has become legally effective since its unanimous approval by the creditors. Raiffeisen Westfalen Mitte (RWM) will invest in the company together with the existing shareholder and acquire 50% of the shares in Kleeschulte GmbH & Co. KG as part of a capital increase. The other 50% will remain with the current owner, Mr Bernd Kleeschulte. All 50 jobs have been saved. The company filed for debtor-in-possession proceedings in late September 2021 after out-of-court restructuring efforts failed due to the resistance of one major creditor in particular.

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PLUTA expert Steffen Beck appointed provisional administrator for aluminium foundry ALKU

15 July 2022 · Stuttgart · Business Area Insolvency Administration

Provisional insolvency administration was ordered for the assets of ALKU Aluminiumgießerei GmbH based in Wendlingen in the Esslingen district on 11 July 2022. The Local Court of Esslingen appointed Mr Steffen Beck from the Stuttgart branch office of PLUTA Rechtsanwalts GmbH as provisional insolvency administrator. The attorney specialising in insolvency law is now in the process of obtaining an overview of the foundry’s financial situation.

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PLUTA partners Torsten Gutmann and Patrick Meyerle find investor for printing company Hofmann

12 July 2022 · Hanover/Nuremberg, Germany · Business Area Insolvency Administration

  • Insolvency administrator accepts and creditors’ committee approves purchase offer from Zeitfracht GmbH
  • Acquisition can therefore be completed as planned
  • All 140 jobs saved

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PLUTA attorney Florian Zistler achieves 93% recovery rate for creditors of a drywall business

7 July 2022 · Ulm · Business Area Insolvency Administration

Good news for creditors of drywall installation business Meier und Huber OHG: Mr Florian A. Zistler from PLUTA Rechtsanwalts GmbH has been able to distribute a dividend of around 93%.

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PLUTA expert Florian Zistler achieves insolvency plan solution in proceedings for a medical practice

6 July 2022 · Ulm, Germany, · Business Area Insolvency Administration

Mr Florian A. Zistler from PLUTA Rechtsanwalts GmbH has achieved a successful outcome in the insolvency proceedings for a dental practice based in Neu-Ulm. The practice’s creditors have unanimously approved the insolvency plan presented. The voting meeting took place today at the Local Court of Neu-Ulm. The practice’s restructuring is completed and it will be possible to terminate the proceedings following court confirmation.

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PLUTA restructuring expert Dr Kaufmann negotiates with investors for Stöhr-Brot

5 July 2022 · Oldenburg, Germany, · Business Area Insolvency Administration

The Stöhr Group filed for insolvency for its three operating companies – Stöhr-Brot Ammerländer Großbäckerei GmbH & Co. KG, Stöhr-Brot GmbH & Co. KG Dinklage and SB Logistik GmbH & Co. KG – in April. On 1 July 2022, the Local Court of Oldenburg opened proceedings for the assets of the three companies as planned and appointed provisional administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as insolvency administrator for them. He is currently engaged in intensive negotiations with investors interested in the group. Dr Kaufmann is being supported in the restructuring team by attorney Mr André Gildehaus and business management expert Mr Jürgen Schendel.

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Provisonal aministrator Meyer strikes an agreement: Leysieffer employees to receive substitute benefits

5 July 2022 · Osnabrück, Germany, · Business Area Insolvency Administration

Good news for Leysieffer customers and staff: following the temporary closure of the company’s stores and production facilities, operations will resume at all locations as quickly as possible from today. Ms Anna Winkler, managing director of Leysieffer, and provisional insolvency administrator Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH greatly welcome the decision reached today by the Federal Employment Agency following very intensive negotiations in recent days.

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Chocolate and confectionery specialist Leysieffer files for insolvency

4 July 2022 · Osnabrück, Germany, · Business Area Insolvency Administration

Leysieffer GmbH & Co. KG has filed for insolvency with the Local Court of Osnabrück. Following this, on 1 July 2022, the court ordered provisional insolvency administration for the company’s assets and appointed attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Significant interest in WIKING Helikopter Service – PLUTA attorney Dr Kaufmann starts M&A process

28 June 2022 · Bremen/Oldenburg · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has launched the process to find an investor for insolvent WIKING Helikopter Service GmbH. The provisional insolvency administrator and his team are holding discussions with potential investors. Numerous parties have already expressed an interest at this early stage. Dr Kaufmann is being supported in the restructuring team by attorney Mr André Gildehaus and business management expert Mr Jürgen Schendel. They are conducting the structured M&A process in cooperation with the specialists at GO & Company.

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PLUTA restructuring expert Dr Kaufmann appointed provisional administrator for WIKING

17 June 2022 · Bremen/Oldenburg · Business Area Insolvency Administration

WIKING Helikopter Service GmbH based in Sande, Lower Saxony, has filed for insolvency. Following this, on 15 June 2022, the Local Court of Wilhelmshaven ordered provisional insolvency proceedings and appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Structured M&A process launched for Fosen Yard Emden GmbH

10 June 2022 · Oldenburg · Business Area Insolvency Administration

Provisional insolvency administrator Dr Christian Kaufmann has launched the process of finding an investor for Fosen Yard Emden GmbH. The restructuring expert from the Oldenburg branch office of PLUTA Rechtsanwalts GmbH will now hold discussions with potential investors interested in preserving the Emden business.

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PLUTA attorney Dr Kaufmann holds discussions with potential investors for bakery Stöhr-Brot

3 June 2022 · Oldenburg · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH is currently holding discussions with potential investors for wholesale bakery Stöhr-Brot. The provisional insolvency administrator and his team are pleased with the high level of interest observed during the structured M&A process.

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Emden shipyard Fosen Yard to continue operating

2 June 2022 · Emden · Business Area Insolvency Administration

The Local Court of Aurich yesterday ordered provisional insolvency proceedings to be opened for the assets of Fosen Yard Emden GmbH. The court appointed Dr Christian Kaufmann from the Oldenburg branch office of PLUTA Rechtsanwalts GmbH as provisional administrator.

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PLUTA attorney Peter Roeger appointed provisional administrator for Wiesenmüller based in Bayreuth

25 May 2022 · Bayreuth · Business Area Insolvency Administration

On 4 April 2022, provisional insolvency proceedings were ordered for butcher Metzgerei Wiesenmüller GmbH & Co. KG, with Mr Peter Roeger from PLUTA Rechtsanwalts GmbH being appointed provisional administrator. Having completed an examination of the company’s situation, restructuring expert Mr Peter Roeger has now begun holding discussions with all stakeholders and undertaken initial restructuring measures. Mr Roeger said, “Wiesenmüller remains fully operational, production is ongoing and all retail locations are open for customers as usual. Employee salaries are guaranteed thanks to specific substitute benefits provided under German insolvency law.”

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High recovery rate in insolvency proceedings for property developer with 96 apartments

24 May 2022 · Augsburg · Business Area Restructuring

Good news for creditors of Aggregare Bauträger und Beteiligungs GmbH: business administration expert Ms Johanna Kienzerle from PLUTA Rechtsanwalts GmbH, responsible for debtor-in-possession management as chief restructuring officer, has been able to successfully conclude the construction project and pay out a higher-than-average recovery rate of around 41% to creditors. The court has approved the final report and the proceedings will soon be terminated. Dr Klaus Tappmeier of law firm Tappmeier Rechtsanwälte based in Ulm, who was appointed insolvency monitor, oversaw the debtor-in-possession proceedings in the interest of the creditors.

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PLUTA attorney Dr Kaufmann appointed provisional administrator for Schöneis

23 May 2022 · Esterwegen · Business Area Insolvency Administration

Paper processing company Schöneis GmbH has filed for insolvency. The business from Esterwegen in the Emsland district with 47 employees is engaged in print finishing and the promotional material trade. After the application for insolvency had been filed, the Local Court of Meppen ordered provisional insolvency administration for the company’s assets and appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH’s branch office in Oldenburg as provisional administrator.

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PLUTA Management GmbH advising Hettich Group on sale of automotive supplier Castwerk

17 May 2022 · München · Business Area Restructuring

Castwerk GmbH & Co. KG, a component manufacturer in the automotive industry, has been sold as part of an international M&A process. PLUTA Management GmbH provided both the owner and the company with comprehensive advice on this transaction.

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Finow Automotive starts to restructure as a debtor in possession

12 May 2022 · Berlin · Business Area Insolvency Administration

The Local Court of Frankfurt/Oder accepted Finow Automotive GmbH’s application for debtor-in-possession insolvency proceedings on 9 May 2022. With the help of law firm GÖRG, which specialises in insolvency cases, and tax consultancy WAYES, Finow will now try to restructure its business operations and save as many of the 180 jobs as possible. Attorney Mr Sebastian Laboga from the Berlin branch office of PLUTA Rechtsanwalts GmbH has been appointed provisional insolvency monitor.

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Personnel service provider TEMPTON to absorb vd Personaldienst GmbH employees

10 May 2022 · Essen/Bielefeld · Business Area Insolvency Administration

Two months after Bielefeld-based personnel service provider vd Personaldienst GmbH filed for insolvency, administrator Dr André Wehner from PLUTA Rechtsanwalts GmbH has succeeded in saving all the jobs. TEMPTON Personaldienstleistungen GmbH has offered employment to all members of staff. By taking over this competitor, Essen-based TEMPTON, one of the largest German temping agencies, is expanding its footprint in East Westphalia.

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PLUTA attorney Stefan Meyer appointed provisional administrator for Wölfer

10 May 2022 · Osnabrück · Business Area Insolvency Administration

Franz Wölfer Elektromaschinenfabrik Osnabrück GmbH has filed for insolvency. Following this, on 4 May 2022, the competent local court ordered provisional insolvency administration for the mechanical engineering company’s assets and appointed Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as provisional administrator.

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BUKUMA to continue restructuring: court opens debtor-in-possession proceedings

9 May 2022 · Koblenz · Business Area Insolvency Administration

BUKUMA GmbH, a specialist in the production of sophisticated technical plastic parts for the automotive and construction machinery industries, will continue to pursue its previously launched restructuring process. As planned, the Local Court of Koblenz opened in-court restructuring proceedings under debtor-in-possession management on 1 May 2022, appointing Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as insolvency monitor. Together with his team, he will continue to oversee the restructuring process to secure the company’s future and the debtor-in-possession proceedings, with the aim of achieving the best possible outcome for creditors.

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Hofmann Druck Nürnberg GmbH & Co. KG’s business operations to continue

4 May 2022 · Gifhorn · Business Area Insolvency Administration

Hofmann Druck Nürnberg GmbH & Co. KG has filed for insolvency with the Local Court of Gifhorn. The court subsequently appointed restructuring expert Mr Torsten Gutmann from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator on 29 April 2022. The Nuremberg-based printing company will continue to operate and the approximately 90 employees will receive substitute benefits provided under German insolvency law for a period of three months.

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Regional investor ProKultur acquires business operations of Slavic heritage site in Neustrelitz

28 April 2022 · Neustrelitz · Business Area Insolvency Administration

PLUTA attorney Mr Michael Bohnhoff had good news to report on the reconstructed Slavic settlement in Neustrelitz, a heritage site that attracts visitors from the region and further afield: with retroactive effect from 1 April 2022, ProKultur gGmbH has taken over the Slavic heritage site’s business operations by way of an asset deal, including all employees and federal volunteers. The purchase agreements have already been signed. The parties have agreed not to disclose the purchase price.

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PLUTA restructuring expert Dr Kaufmann to keep wholesale bakery Stöhr-Brot operational

22 April 2022 · Oldenburg · Business Area Insolvency Administration

On 21 April 2022, the long-standing Stöhr-Brot wholesale bakery filed for insolvency for the group’s three operating businesses due to imminent illiquidity in each case. That same day, the Local Court of Oldenburg then ordered provisional insolvency administration for the assets of Stöhr-Brot Ammerländer Großbäckerei GmbH & Co. KG, Stöhr-Brot GmbH & Co. KG Dinklage and SB Logistik GmbH & Co. KG, and appointed Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for each.

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PLUTA restructuring expert Stefan Meyer appointed administrator for Steinkamp GmbH & Co. KG

19 April 2022 · Espelkamp

By an order issued on 1 April 2022, the Local Court of Bielefeld has opened insolvency proceedings for the assets of Steinkamp GmbH & Co. KG and appointed attorney Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as insolvency administrator. Prior to this, Mr Meyer, an attorney specialising in insolvency law, had been involved as provisional administrator since 28 December 2021.

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PLUTA attorney Ivo-Meinert Willrodt appointed provisional insolvency administrator for Gzimi

13 April 2022 · München · Business Area Insolvency Administration

Gzimi Garten- und Landschaftsbau GmbH based in Olching, near Munich, has filed for insolvency. Following this, on 7 April 2022, the Local Court of Munich ordered provisional insolvency proceedings and appointed Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH as provisional administrator. The horticulture and landscaping business will remain operating.

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Progress made in KEHAG Energiehandel GmbH restructuring: proceedings opened

12 April 2022 · Oldenburg · Business Area Restructuring

The restructuring approach taken to date for KEHAG Energiehandel GmbH is to be continued. The Local Court of Oldenburg opened in-court restructuring proceedings for the energy trading company on 1 April 2022 as planned. The company will remain under debtor-in-possession management and creditors will soon be able to file their claims.

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Currently, only corporate news items are available for Italy.

PLUTA lawyer and financial analyst García Esteve participated in the Round Table of the II National Banking Law Congress.

9 May 2022 · Madrid

Last April 29, the general director of PLUTA in Spain, Xavier Garcia Esteve, participated in the Round Table on "Restructuring and refinancing of companies: bank creditors" of the II National Congress of Banking Law organized by the Ilustre Colegio de Abogados de Madrid (Masdrid’s Bar Associatio), with Luis Miguel Sánchez Velo, Director of the Legal Restructuring of Banco Santander; Javier Gutierrez de Cabiedes , Legal Director of Retail Banking and Litigation of CaixaBank, Antonio Uguina, Director of Risks of BBVA, and Manuel Ruiz de Lara, Magistrate of the Commercial Court nº 11 of Madrid, and as moderator José Carlos González Vázquez, professor at the Complutense University of Madrid and partner of Ceca Magan Abogados.

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