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Your press contact: Patrick Sutter, relatio PR, +49 89 210 257-0, press@pluta.net

PLUTA Restructuring Expert Steffen Beck ensures the Future of the Printing Company Hertle

December 21, 2018 · Stuttgart · Business Area Insolvency Administration

Mr Steffen Beck from PLUTA Rechtsanwalts GmbH has succeeded in finding a long-term solution for the printing company Druckerei Hertle GmbH. finkmedia GmbH, an experienced competitor in the printing industry, will take over Hertle’s business operations with effect from 1 January 2019 and absorb all the staff. The contracts were signed today. The 18 employees have already been informed of the solution during an all-hands meeting called by the employer.

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PLUTA Restructuring Expert Georg Stemshorn is the provisional Administrator of Senioren-Landhaus Riederau GmbH

December 14, 2018 · Augsburg · Business Area Insolvency Administration

Yesterday, the Local Court of Augsburg ordered provisional insolvency administration for the assets of the old people’s nursing home Senioren-Landhaus Riederau GmbH in Dießen on Lake Ammer. The court appointed Mr Georg Stemshorn from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator.

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SHW CT in Wasseralfingen to shut down

December 13, 2018 · Business Area Restructuring

SHW CT in Wasseralfingen will most probably have to end business operations in the first quarter of 2019. This decision was taken after a unanimous resolution had been passed by the creditors’ assembly with the approval of the insolvency monitor. The reason for this is the lack of interest shown by investors in a takeover and a considerable slump in new orders in the past few weeks. The employees were informed of the imminent closure today during a staff meeting.

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webopac-logistics’ Business Operations will continue seamlessly

December 12, 2018 · Kempten · Business Area Insolvency Administration

  • PLUTA restructuring expert Florian Zistler appointed as provisional insolvency administrator
  • Good prospects for the company

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Montessori School in Arzberg turning itself around as Debtor in Possession

December 7, 2018 · Bayreuth · Business Area Insolvency Administration

  • School lessons continue in accordance with the timetable
  • Parents can register their children for the new 2019-2020 academic year as well
  • PLUTA attorney Ulrich Pfeifer acting as provisional insolvency monitor

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The Teilzeit Thiele Group turning itself around as Debtor in Possession

December 7, 2018 · Bielefeld · Business Area Insolvency Administration

  • Operations will continue without restrictions
  • Wages of the approximately 1,500 employees guaranteed for the next few months thanks to substitute benefits

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Debtor-in-Possession Proceedings – Withdrawal from Purchase Agreement for SHW CT in Wasseralfingen and Machining Technologies in Königsbronn

December 4, 2018 · Business Area Restructuring

The debtor-in-possession management team responsible for SHW CT in Wasseralfingen and Machining Technologies in Königsbronn have withdrawn from the purchase agreement with the investor, Rheinische Mittelstandsbeteiligungs GmbH (RMB). This decision was taken after a unanimous resolution had been passed by the creditors’ assembly with the approval of the insolvency monitor. The reason for this decision is the investor’s financial difficulties. Recently, Hulvershorn Eisengießerei GmbH & Co. KG, a private equity firm in the RMB Group, was forced to file for insolvency. The RMB Group was represented by the managing directors Mr Rainer J Langnickel and Dr Jan Hückel.

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PLUTA Restructuring Expert Stefan Meyer appointed as provisional Administrator for ZERTEX

November 20, 2018 · Extertal/Lübbecke, Germany · Business Area Insolvency Administration

  • Operations will continue without restrictions
  • Salaries of the 40 employees are guaranteed

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PLUTA Restructuring Expert Patrick Meyerle appointed as provisional Administrator for Martini Schmuckzeit GmbH

November 14, 2018 · Nuremberg, Germany · Business Area Insolvency Administration

  • Schmuckzeit Europe GmbH with their main brand “Engelsrufer” not affected by the application for insolvency proceedings
  • Business operations of the jewellery retailer being continued
  • Salaries of the employees guaranteed

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PLUTA Restructuring Expert Florian Zistler finds Investor for Grüntenlifte

October 31, 2018 · Kempten, Germany · Business Area Insolvency Administration

The insolvency administrator Mr Florian Zistler from PLUTA Rechtsanwalts GmbH has succeeded in finding a solution for the ski lift operator Grüntenlifte. The Hagenauer Family was awarded the contract for the ski area in Allgäu. This experienced family of investors originates from that region and has already shown with the example of Alpsee Bergwelt in Immenstadt that they can successfully run a ski lift business on a long-term basis.

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PLUTA Restructuring Expert Stefan Meyer has found an Investor for Johann Blomeier Maschinenbau GmbH

October 31, 2018 · Lübbecke, Germany · Business Area Insolvency Administration

After keeping the company going for nine months during the insolvency proceedings, the administrator Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH has now found a solution for Johann Blomeier Maschinenbau GmbH. On 1 November 2018, business operations will be taken over by Reinshagen Metall-Technologien GmbH based in Kirchlengern, which means that the company will be restructured by means of an asset transfer. It has been agreed that the purchase price will not be published.

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Local Court of Münster confirms Debtor-in-Possession Proceedings for Großerode GmbH

October 29, 2018 · Oelde, Germany · Business Area Insolvency Administration

• Restructuring of the long-established company in Oelde on course
• Court order for debtor-in-possession proceedings is an important milestone on the way to reorienting the bakery
• Initial restructuring measures have already been successfully implemented
• Customers will continue to be served as usual

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PLUTA Restructuring Expert Patrick Meyerle found an Investor for FERBEDO

October 24, 2018 · Nuremberg, Germany · Business Area Insolvency Administration

  • Important restructuring measures implemented
  • Very good order situation during the proceedings
  • Investor focussing on family businesses took over business operations

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RMB also takes over SHW CT in Wasseralfingen and Machining Technologies in Königsbronn

October 11, 2018 · Ulm, Germany · Business Area Restructuring

  • PLUTA team succeed in finding a solution involving previous investor
  • All 176 employees will be kept on
  • Business operations continuing successfully during debtor-in-possession proceedings

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PLUTA Expert Dr Rigol appointed as provisional Administrator for Montessori Establishments in Bergisch Gladbach

October 9, 2018 · Cologne · Business Area Insolvency Administration

The chairman of the Parents Association for the Promotion of Montessori Education (Montessori Elternverein e. V.), which has its registered office in Bergisch Gladbach, Germany, has filed for insolvency with the competent Local Court of Cologne on 17 September 2018. The court has appointed the attorney Dr Ruth Rigol from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator and expert.

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PLUTA Expert Dr Kaufmann achieves long-term Solution for Child, Youth and Family Support Institution in Bremen

October 5, 2018 · Bremen, Germany · Business Area Insolvency Administration

The insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has found a new operator for the child, youth and family support institution “Synthese Kinder-, Jugend- und Familienhilfe GmbH & Co. KG”. Operations at the sites in Fröbelstraße, Lobbendorfer Straße and Buntentorsteinweg as well as the outpatient service have been taken over by the Bremen-based child and youth support institution “Bremer Kinder- und Jugendhilfe gGmbH” with effect from 1 October 2018. This means that the company has been restructured by way of an asset transfer and that Dr Kaufmann and his PLUTA team were able to preserve 33 jobs, i.e. approximately two thirds of the company’s previous staff. It has been agreed that the purchase price will not be published.

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Holzverpackung Hüfingen sold to strategic Investor PILOUS from Czech Republic

September 28, 2018 · Hüfingen, Germany · Business Area Restructuring

  • PLUTA team restructured the company as part of debtor-in-possession proceedings
  • Investor will absorb all staff

The PLUTA team headed by Mr Jochen Glück has succeeded in finding an investor for the wooden packaging company Holzverpackung Hüfingen GmbH & Co. KG. PILOUS, a renowned specialist for industrial packaging, will take over the company, including the subsidiary in Spain, with effect from 31 October 2018. The purchase agreement has already been signed, and the creditors’ assembly unanimously approved the sale this week. In future, the company will be operating under the name “Holzverpackung Hüfingen GmbH” in Germany.

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PLUTA Attorney Ilkin Bananyarli sells Gewa Tower to CG Gruppe AG

September 28, 2018 · Stuttgart, Germany · Business Area Insolvency Administration

Insolvency administrator Mr Ilkin Bananyarli from the restructuring company PLUTA has succeeded in finding a solution for Gewa Tower following a long series of negotiations with various investors. CG Gruppe AG, which operates throughout Germany, has now taken over Gewa Tower in Fellbach. The corresponding purchase agreement was signed this morning. The investor and Mr Bananyarli agreed not to disclose any details concerning the terms and conditions of the transaction.

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PLUTA Attorney Dr Nawroth appointed as the provisional Administrator for a major agricultural Enterprise

September 27, 2018 · Kassel, Germany · Business Area Insolvency Administration

On 31 August 2018, the Local Court of Korbach appointed Dr Mario Nawroth from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for Diemel-Holstein GbR. The company operates a major agricultural enterprise with more than 1,000 dairy cows and a breeding programme as well as 240 hectares of farming land. The salaries of the 14 employees are guaranteed for a period of three months thanks to the so-called insolvency substitute benefits.

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HÖHN GmbH turning itself around as Debtor in Possession – PLUTA providing Advice on Restructuring Process

September 20, 2018 · Ulm, Germany · Business Area Restructuring

Yesterday, the company HÖHN GmbH filed for debtor-in-possession proceedings with the Local Court of Ulm. Business operations will continue without any restrictions. The salaries of the 206 employees are guaranteed for a period of three months thanks to the so-called insolvency substitute benefits. The staff were informed by those authorised during a staff meeting.

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Michael Pluta succeeds in finding long-term Solution for MAAS Profile

September 17, 2018 · Heilbronn, Germany · Business Area Insolvency Administration

  • Newly formed company MAAS Profilzentrum takes over business operations
  • 110 jobs saved
  • Operations will continue without any interruption

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Investor Solution found by PLUTA Expert Dr Kaufmann for Shipbuilder now effective

September 11, 2018 · Bremen · Business Area Insolvency Administration

The insolvency administrator Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for FerroCon Shipbuilding GmbH. Business operations will be taken over by the newly founded company Shipbuilding UG by means of an asset transfer. The creditors’ assembly approved the purchase agreement on 7 September 2018, with the follow-up solution becoming effective on 1 August 2018.

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Michael Pluta appointed as provisional Administrator for BULLYLAND GmbH

September 7, 2018 · Ulm · Business Area Insolvency Administration

Yesterday, Mr Michael Pluta from PLUTA Rechtsanwalts GmbH was appointed as the provisional insolvency administrator of the Spraitbach-based company BULLYLAND GmbH by the Local Court of Aalen. He is already present in the long-established company together with his team.

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Creditors’ Assembly approves Investor Solution found by PLUTA Attorney Torsten Gutmann for Care Service Provider

September 5, 2018 · Hanover, Germany · Business Area Insolvency Administration

The PLUTA restructuring expert Mr Torsten Gutmann succeeded in finding a long-term solution for Aktive Engel GmbH. He has sold the business operations of the care service provider based in Bockenem to a competitor. Following approval by the creditors’ assembly, this transaction came into force on 3 September 2018. A total of 27 employees have been kept on by the new owner.

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PLUTA Restructuring Expert Michael Bremen to continue D-TEC Industrie Design Business

August 21, 2018 · Düsseldorf · Business Area Insolvency Administration

The attorney Mr Michael Bremen from the restructuring firm PLUTA has been appointed as the provisional insolvency administrator for the furnishing specialist D-TEC Industrie Design GmbH. On 23 July 2018, the Local Court of Düsseldorf ordered the proceedings to be opened and appointed the restructuring expert Mr Michael Bremen as the provisional administrator.

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PLUTA Expert Stefan Meyer to continue HKF Temp Agency Business

August 17, 2018 · Bielefeld, Germany · Business Area Insolvency Administration

By an order issued on 16 August 2018, the Local Court of Bielefeld has appointed the restructuring expert Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for HKF Personalprojekte GmbH.

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Dr Christian Kaufmann from PLUTA appointed as provisional Administrator for Synthese

August 3, 2018 · Bremen, Germany · Business Area Insolvency Administration

Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH has been appointed as the provisional insolvency administrator for the Bremen-based child, youth and family support institute “Synthese Kinder-, Jugend- und Familienhilfe GmbH & Co. KG”. He previously acted as the provisional insolvency monitor for the company.

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SCONVEY Business to be shut down

July 31, 2018 · Ulm, Germany · Business Area Insolvency Administration

SCONVEY GmbH, based in Giengen an der Brenz, has to wind down business operations. In spite of numerous talks with several potential investors, the insolvency administrator Mr Michael Pluta from the restructuring company PLUTA was unable to find a buyer for the company.

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PLUTA Attorney Steffen Beck appointed as the provisional Administrator for GENO AG

July 12, 2018 · Stuttgart, Germany · Business Area Insolvency Administration

On 5 July 2018, the Local Court of Ludwigsburg appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for GENO AG.

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PLUTA Attorney Beck appointed as the provisional Administrator for the Printing Company Hertle

July 6, 2018 · Stuttgart, Germany · Business Area Insolvency Administration

The printing company Druckerei Hertle GmbH has filed for the opening of insolvency proceedings relating to their assets. By its decision taken on 26 June 2018, the Local Court of Esslingen ordered provisional proceedings and appointed Mr Steffen Beck from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator. The company, based in Kirchheim unter Teck in Swabia, has 27 members of staff, whose salaries are guaranteed thanks to the insolvency substitute benefits.

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Restructuring of Bagel Bakery making Progress

July 4, 2018 · Gutenborn, Germany · Business Area Insolvency Administration

• PLUTA attorney Dr Thiemann appointed as insolvency monitor
• Customers and suppliers are supporting the restructuring course

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PLUTA Restructuring Expert Dr Lehr finds Investor for Lift Component Supplier

June 29, 2018 · Stuttgart, Germany · Business Area Insolvency Administration

The insolvency administrator Dr Matthias Lehr from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for SLC Sautter Lift Components GmbH & Co. KG. With effect from 1 July 2018, business operations will be taken over by the newly founded company Sautter Lift Components GmbH by means of an asset transfer. Ms Alexandra Sautter, previously responsible for human resources and legal affairs, will become managing director and principal partner of the new company. 25 per cent of the equity interests will be acquired by long-standing employees of the company.

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PLUTA Restructuring Expert Ingo Thurm holds Talks with Investors for Start-up Company Smartjobr

June 28, 2018 · Hanover, Germany · Business Area Insolvency Administration

Ingo Thurm from PLUTA Rechtsanwalts GmbH is in the process of finding an investor for Smartjobr GmbH based in Hanover. The provider of a platform for freelancers had to file for insolvency at the beginning of June, whereupon the Local Court of Hanover appointed Mr Ingo Thurm as the provisional insolvency administrator.

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PLUTA Restructuring Expert Dr Kaufmann appointed as provisional Administrator for a Shipbuilder

June 26, 2018 · Bremen, Germany · Business Area Insolvency Administration

FerroCon Shipbuilding GmbH based in Westoverledingen has filed for insolvency. With an order issued on 7 June 2018, the Local Court of Leer has appointed the restructuring expert Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for the company.

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Several potential Investors for Grüntenlifte

June 21, 2018 · Kempten · Business Area Insolvency Administration

Good news for the ski lift operator Grüntenlifte. The provisional insolvency administrator Mr Florian Zistler from PLUTA Rechtsanwalts GmbH has received four concrete offers from investors and two non-binding offers. The period for the submission of offers ended last Friday.

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Hagedorn acquires B+R site

June 8, 2018 · Gütersloh · Business Area Insolvency Administration

  • PLUTA attorney Dr Thiemann sells site in Gütersloh
  • Area of approximately 52,000 square meters to be revitalised

The insolvency administrator Dr Stephan Thiemann from PLUTA Rechtsanwalts GmbH succeeded in selling the site belonging to Brüggershemke + Reinkemeier KG. The company filed for insolvency in September 2016. The new owner of the site is Hagedorn Revital GmbH based in Gütersloh, which will prepare a new concept for using the largest part of the site. The sales transaction was approved by the creditors’ assembly. Those responsible have agreed to maintain strict confidentiality about the purchase price.

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Local Court of Aurich confirms Debtor-in-Possession Proceedings for SKN Group

June 8, 2018 · Norden · Business Area Insolvency Administration

  • PLUTA attorney Dr Kaufmann appointed as the insolvency monitor
  • Restructuring measures for the long-established printing and publishing group on course

The restructuring process for the SKN Group is still on course. As expected, the court responsible, the Local Court of Aurich, opened insolvency proceedings for the assets of the major companies in the SKN Group on 1 June 2018. In accordance with the relevant application, the local court ordered debtor-in-possession management and appointed Dr Christian Kaufmann as the insolvency monitor at the same time. This means that the SKN board of directors will continue to be in charge of managing the business.

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PLUTA Restructuring Expert Dr Kaufmann finds new Operator for Hesel Retirement Home

June 7, 2018 · Bremen · Business Area Insolvency Administration

• Local investor to take over the retirement home and the staff

• Operations will continue without any interruption

• Very high recovery rate expected for creditors

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Restructuring of Kannenberg Academy completed – ordinary Insolvency Proceedings opened

June 6, 2018 · Bremen · Business Area Restructuring

The debtor-in-possession proceedings for Akademie Lothar Kannenberg GmbH, which were monitored by the PLUTA restructuring expert Dr Kaufmann and his team, were ended on schedule following restructuring and the transfer of the last institute to an investor. The proceedings were transferred into ordinary insolvency proceedings by the Local Court of Walsrode.

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PLUTA Restructuring Expert Michael Wahl ensures the Future of Fashion Outlet in Allgäu

May 30, 2018 · Ulm · Business Area Insolvency Administration

The insolvency administrator Mr Michael Wahl from PLUTA Rechtsanwalts GmbH has succeeded in finding an investor for UDT Handelsgesellschaft mbH. He sold the business operations and part of the inventory to the newly founded Fashion Lifestyle GmbH based in Oberstaufen. This means that the future of the three fashion outlets in Bad Hindelang, Oberstaufen and Schwangau is secured. 15 employees will be kept on by the new owner.

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Takeover of SHW CT in Königsbronn now completed

May 24, 2018 · Königsbronn, Germany · Business Area Restructuring

  • Closing terms of the purchase agreement have been met
  • Mr Marcus Katholing, Managing Director, and the PLUTA team are selling the casting company to a strategic investor

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PLUTA Restructuring Expert Michael Bremen is the provisional Administrator of the Software Company fidis

May 23, 2018 · Düsseldorf, Germany · Business Area Insolvency Administration

The attorney Mr Michael Bremen from the restructuring company PLUTA is the provisional insolvency administrator of fidis finanz- und daten-informations services GmbH. The Local Court of Düsseldorf ordered the proceedings on 8 May and appointed the restructuring expert Mr Michael Bremen as the provisional administrator.

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SKN Group gives Staff Information on the current Status of Restructuring

May 18, 2018 · Norden, Germany · Business Area Insolvency Administration

  • The restructuring concept presented includes provisions for preserving the three core businesses ‒ printing, newspaper and publishing
  • Negotiations with the works council about a social compensation plan and a reconciliation of interests have been successfully completed
  • The attorney Dr Kaufmann from PLUTA is overseeing the proceedings in his role as provisional insolvency monitor

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Restructuring Expert Michael Pluta sells BEMO Sister Companies in England and Turkey

May 15, 2018 · Ulm, Germany · Business Area Insolvency Administration

The insolvency administrator Mr Michael Pluta from PLUTA Rechtsanwalts GmbH has sold the two sister companies of BEMO Systems Engineering GmbH that are not affected by insolvency. Both companies are subsidiaries of the insolvent company MAAS Holding GmbH, for which insolvency proceedings were opened in November 2017.

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PLUTA Experts achieve a Solution for Specialist Consumer Electronics Store

May 7, 2018 · Munich · Business Area Restructuring

  • Investor group around Stefan Tremmel, Managing Director, continue business operations
  • All 24 employees at Tremmel GmbH will be kept on

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Strategic Investor takes over SHW CT in Königsbronn

May 7, 2018 · Königsbronn, Germany · Business Area Restructuring

  • The PLUTA team find an investor after continuing business operations successfully for almost one year during debtor-in-possession proceedings
  • All 163 members of staff will be given employment by the investor
  • Talks are being held with several parties interested in the two sister companies in Wasseralfingen and Königsbronn

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SSI Schäfer takes over Automation Expert P@P Picking Systems

May 2, 2018 · Nuremberg, Germany · Business Area Insolvency Administration

The insolvency administrator Mr Daniel Barth from the restructuring company PLUTA has succeeded in finding an investor for P@P Picking Systems GmbH, with the transaction taking effect as of 18 April 2018.

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Restructuring Expert Michael Pluta is the provisional Administrator for the Materials Handling Company SCONVEY

April 27, 2018 · Ulm, Germany · Business Area Insolvency Administration

SCONVEY GmbH, based in Giengen an der Brenz, has filed for insolvency. Today, the Local Court of Aalen appointed Mr Michael Pluta from the restructuring company PLUTA as the provisional insolvency administrator.

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Neumann Group Calendar Specialists take over Arti Kalender & Promotion Service

April 18, 2018 · Herzebrock-Clarholz, Germany · Business Area Insolvency Administration

• PLUTA attorney Mr Stefan Meyer acting as insolvency monitor
• Creditors likely to receive a very high recovery rate of 60 to 70 per cent
• 71 jobs saved

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A New Owner for Maas Baustoffe

April 17, 2018 · Ilshofen-Eckartshausen, Germany · Business Area Insolvency Administration

• Sale approved by creditors’ assembly and insolvency monitor, Mr Michael Pluta
• Sites and product portfolio remain unaffected

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Bagel Bakery to be turned around in Debtor-in-Possession Proceedings

April 11, 2018 · Gutenborn, Germany · Business Area Insolvency Administration

• PLUTA attorney Dr Thiemann appointed as the provisional insolvency monitor
• Production and business operations being continued without any changes

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PLUTA Restructuring Experts Buehler and Roeger sell Specialist Manufacturer of Exhaust Systems

April 4, 2018 · Bayreuth, Germany · Business Area Insolvency Administration

The two insolvency administrators Mr Holger Christian Buehler and Mr Peter Roeger from PLUTA Rechtsanwalts GmbH have succeeded in finding an investor for the companies Per4mance Industries GmbH & Co KG and Per4mance Besitz GmbH & Co KG. The business operations and the facilities of the insolvent specialist manufacturer of exhaust systems were sold to a competitor in the same sector. The restructuring process was thus implemented as part of an asset deal, which became effective on 3 April 2018. All ten employees still working at the company were kept on by the new owner.

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PLUTA Attorney Dr Thiemann appointed as Insolvency Administrator for Glückskäfer Reisen

March 28, 2018 · Berlin · Business Area Insolvency Administration

Last week, the Local Court of Berlin-Charlottenburg opened insolvency proceedings for the assets of Glückskäfer Reisen GmbH. Dr Stephan Thiemann from PLUTA Rechtsanwalts GmbH has been appointed as the administrator for the company, while he had previously acted as the provisional administrator since mid-January. Alongside Dr Thiemann, PLUTA’s team includes Ms Katja Alexander, Ms Ute Sambale, Mr Heinz-Joachim Hombach and Mr Stephan Gittel.

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SHW Casting Technologies delivers Paper Roller weighing 66 Tons - PLUTA supports Debtor-in-Possession Proceedings

March 16, 2018 · Königsbronn, Germany · Business Area Restructuring

This week, SHW Casting Technologies in the Königsbronn works celebrated the completion of a particularly large order. The company delivered a paper roller weighing 66 tons to a Swiss customer. The paper roller is more than 10 metres long and has an external diameter of 1.4 metres. It will in future produce 2,000 metres of paper per minute.

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SKN Group files for Debtor-in-Possession Insolvency Proceedings

March 9, 2018 · Norden, Germany · Business Area Insolvency Administration

• The Aurich Local Court has approved the petition by the printing and publishing group located in Lower Saxony and has ordered provisional debtor-in-possession status
• SKN has chosen this approach in order to implement urgently-needed restructuring
• The group’s management has notified its staff in Norden and Emden about the steps ahead

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Investors highly interested in Hesel Retirement Home

March 5, 2018 · Bremen · Business Area Insolvency Administration

Many investors are interested in acquiring the Hesel Retirement Home. The provisional insolvency administrator Dr Christian Kaufmann from PLUTA has already held discussions with more than 15 potential buyers. And the list of new candidates is being extended almost daily.

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PLUTA Restructuring Expert Mr Roeger appointed as provisional Administrator for MICHEL Fenster

March 1, 2018 · Bayreuth, Germany · Business Area Insolvency Administration

On 26 February, the company MICHEL Fenster based in Burgkunstadt, Upper Franconia, filed for insolvency with the Local Court of Coburg. The court appointed the PLUTA restructuring expert Mr Peter Roeger as the provisional insolvency administrator.

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PLUTA Expert Mr Zistler launches Process to find an Investor for Grüntenlifte

February 23, 2018 · Kempten, Germany · Business Area Insolvency Administration

Mr Florian Zistler from PLUTA is now in the position to start the process of finding an investor for the ski lift operator Grüntenlifte based in Rettenberg/Kranzegg. Following intensive discussions with all of the stakeholders, the provisional insolvency administrator managed to create the conditions required to take this important step in the proceedings. This means that it is now possible for an investor to acquire all of the assets necessary to operate a ski lift on the Grünten Mountain and to expand this business.

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SHW Casting Technologies in Wasseralfingen casts the 500th large Engine Block in a Series

February 15, 2018 · Wasseralfingen, Germany · Business Area Restructuring

SHW Casting Technologies in Wasseralfingen is celebrating a special casting success. Last week, the company cast the 500th large engine block in a series. The casting concerned was an 18-cylinder engine block for use in power stations to generate electricity, working with a power of 17 megawatts. The order for number 500 came from a major customer in northern Europe, one of the world’s leading manufacturers of large engines and power stations.

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PLUTA Expert Dr Kaufmann supporting the Hesel Retirement Home as provisional Administrator

February 14, 2018 · Bremen · Business Area Insolvency Administration

On 12 February, the Local Court of Leer ordered provisional insolvency proceedings to be opened for the assets of Evangelisch-Lutherischen Altenheim gGmbH based in Hesel (East Friesland). The court appointed the PLUTA attorney Dr Kaufmann as the provisional administrator.

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PLUTA Restructuring Expert Dr Lehr sees good Prospects for SLC Sautter Lift Components

February 13, 2018 · Stuttgart · Business Area Insolvency Administration

By its order of 9 February 2018, the Local Court of Stuttgart has appointed Dr Matthias Lehr from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for SLC Sautter Lift Components GmbH & Co. KG.

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PLUTA Attorney Willrodt appointed as the provisional Insolvency Administrator for Uttlinger AG

February 2, 2018 · Munich · Business Area Insolvency Administration

By an order issued on 30 January 2018, the Local Court of Munich has appointed Mr Ivo-Meinert Willrodt from PLUTA as the provisional insolvency administrator for Uttlinger AG. The restructuring expert aims to give the traditional company good prospects of a successful future.

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PLUTA Restructuring Expert Meyer appointed as provisional Insolvency Administrator for Johann Blomeier Maschinenbau GmbH

February 1, 2018 · Spenge/Lübbecke, Germany · Business Area Insolvency Administration

By an order issued on 29 January 2018, the Local Court of Bielefeld has appointed Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for Johann Blomeier Maschinenbau GmbH.

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Negotiations with Investor for Kannenberg Academy

January 29, 2018 · Bremen · Business Area Restructuring

  • Debtor-in-possession proceedings confirmed by Local Court of Walsrode
  • PLUTA and FIDES restructuring experts providing the academy with advice and founding a transfer company for the employees concerned
  • Four establishments in Bremen to be closed
  • Lothar Kannenberg leaving the academy

Akademie Lothar Kannenberg GmbH has been allowed to continue its restructuring process as part of debtor-in-possession proceedings. The Local Court of Walsrode confirmed debtor-in-possession management and opened the proceedings on 26 January 2018 as planned.

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PLUTA restructuring Experts sell Wochenblatt to Prolimity Capital Partners

January 23, 2018 · Ravensburg · Business Area Insolvency Administration

On 22 January 2018, the private equity firm Prolimity Capital Partners based in Ummendorf near Biberach a.d. Riss acquired the business of the WOCHENBLATT publishing house in Ravensburg and will preserve the company in order to operate it under the name of “Unabhängiges WOCHENBLATT GmbH” in future; its headquarters will remain in Ravensburg.

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Creditors’ Assembly approves Sale of BEMO Systems Engineering

January 18, 2018 · Heilbronn, Germany · Business Area Insolvency Administration

Following the approval granted yesterday by the creditors’ assembly, the purchase agreement for BEMO Systems Engineering GmbH based in Ilshofen has entered into force. This means that the solution achieved by Mr Michael Pluta at the end of 2017 can now be implemented and that the company can be sold to the investors. After completing a bidding process for the company, the contract was awarded to a group of investors headed by the company’s previous managing director Mr Hans Wiedemann.

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Holzverpackung Hüfingen to be restructured as a Debtor in Possession with Support from PLUTA

January 18, 2018 · Hüfingen · Business Area Restructuring

Yesterday, Holzverpackung Hüfingen GmbH & Co. KG filed an application for insolvency proceedings involving debtor-in-possession management with the Local Court of Villingen-Schwenningen. The court assented to this application and ordered provisional debtor-in-possession proceedings.

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Business of Glückskäfer Reisen to be shut dow

January 17, 2018 · Berlin · Business Area Insolvency Administration

The business operations of the insolvent company Glückskäfer Reisen GmbH will unfortunately have to be shut down. All tours are thus cancelled with immediate effect. This decision was taken today by the company’s managing director Mr Andrew John Britten together with the provisional insolvency administrator Dr Stephan Thiemann from PLUTA. A total of approximately 7,400 customers of the tour operator are affected, and 3,500 bookings.

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PLUTA Expert Dr Thiemann is the provisional Insolvency Administrator for Glückskäfer Reisen GmbH

January 15, 2018 · Business Area Insolvency Administration

Today, the Local Court of Berlin-Charlottenburg has appointed the restructuring expert Dr Stephan Thiemann from PLUTA as the provisional insolvency administrator for Glückskäfer Reisen GmbH.

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PLUTA Attorney Mirko Möllen is the provisional Insolvency Monitor for the Merkel Group

January 12, 2018 · Munich · Business Area Insolvency Administration

On 20 December 2017, the Local Court of Traunstein ordered preliminary debtor-in-possession proceedings for five companies in the Merkel Group. Mr Mirko Möllen from PLUTA has been appointed as the provisional insolvency monitor for all of the five proceedings.

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PLUTA Restructuring Expert Dr Kaufmann negotiating with investors on VDev Systems und Services

January 11, 2018 · Bremen · Business Area Insolvency Administration

The restructuring expert Dr Christian Kaufmann from PLUTA Rechtsanwalts GmbH is in the process of finding an investor for VDev Systems und Services GmbH based in Bremen. The provider of high-tech services for the aerospace and biomedical engineering industries filed for insolvency in December of last year with the objective of using these proceedings as an instrument for restructuring. Following this, the Local Court of Bremen appointed the PLUTA attorney as the provisional insolvency administrator. The application became inevitable due to the insolvency of an important customer.

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PLUTA Restructuring Expert Stefan Meyer sells Ith Sole-Therme in Salzhemmendorf

January 10, 2018 · Salzhemmendorf/Lübbecke, Germany · Business Area Insolvency Administration

The thermal brine bath and all of the 43 jobs have been saved

The insolvency administrator Mr Stefan Meyer from PLUTA managed to find an investor for the thermal brine bath Ith Sole-Therme in Salzhemmendorf. The buyer is Ith Sole-Therme GmbH & Co. KG, a company which has been newly founded for this specific purpose by a local group of investors. The business operations and all employment relationships have been transferred to the buyer with effect from 1 January 2018. This means that all of the 43 jobs have been saved. Operation of the thermal bath has been handed over seamlessly to the new operating company.

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Insolvency Administrator Michael Pluta achieves Solution for BEMO Systems Engineering

January 4, 2018 · Heilbronn, Germany · Business Area Insolvency Administration

The insolvency administrator Mr Michael Pluta managed to find a long-term solution for BEMO Systems Engineering GmbH based in Ilshofen. After completing a bidding process for the company, it was possible to award the contract to a group of investors headed by the company’s previous managing director Mr Hans Wiedemann. The group of investors has taken over the full scope of the company’s business operations with effect from 1 January 2018. This means that 31 jobs have been saved. The persons responsible for the transaction have agreed to maintain confidentiality about the purchase price.

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PLUTA Attorney Florian Zistler sells the “Big Hole” in Kempten

January 2, 2018 · Kempten, Germany · Business Area Insolvency Administration

The insolvency administrator Mr Florian Zistler from PLUTA managed to sell the property in Bahnhofstrasse on August Fischer Square in Kempten. The buyer is City-Wohnen-Kempten GmbH B27, a company newly founded by nowinta Bau GmbH based in Aalen and doma Immobilien und Finanzkonzepte GmbH based in Leonberg.

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