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

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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PLUTA restructuring expert Georg Stemshorn appointed provisional administrator for Schwarze Kiste restaurant business

13 March 2020 · Augsburg · Business Area Insolvency Administration

Mr Sebastian Hrabak, owner of Schwarze Kiste e.K., has had to file for insolvency. On 11 March 2020, the Local Court of Augsburg ordered provisional insolvency proceedings and appointed Mr Georg Stemshorn from PLUTA Rechtsanwalts GmbH as provisional administrator.

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Business operations of furniture component supplier Karl W. Niemann to be continued

9 March 2020 · Bielefeld · Business Area Insolvency Administration

Karl W. Niemann GmbH & Co. KG based in Preußisch Oldendorf, a well-known supplier to the furniture industry, filed for insolvency last week. On 6 March 2020, the Local Court of Bielefeld ordered provisional insolvency proceedings to be opened for the company’s assets and appointed restructuring expert Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH as provisional administrator. The company’s subsidiary Niemann Formholztechnik GmbH & Co. KG is also involved in provisional insolvency proceedings. Mr Stefan Meyer has been appointed provisional administrator for this company as well.

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Leysieffer: successful restructuring, secure future

5 March 2020 · Osnabrück · Business Area Insolvency Administration

The Leysieffer chocolate business, based in Osnabrück but well known throughout Germany, has a future. Restructuring experts attorney Mr Joachim Walterscheid, the company’s advisor on insolvency matters during the debtor-in-possession proceedings, and attorney Mr Stefan Meyer, insolvency monitor, have succeeded in restructuring the company within twelve months and securing 260 jobs.

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E-cigarette reseller Hello Vape to continue operating PLUTA restructuring expert Sebastian Laboga appointed provisional insolvency administrator

28 February 2020 · Berlin · Business Area Insolvency Administration

Hello Vape, a retail chain for e-cigarettes and associated equipment, had to file for insolvency on 20 February 2020 after a partner unexpectedly refused to provide funds to finance the company’s growth. The Local Court of Charlottenburg has appointed Mr Sebastian Laboga from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for the company.

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PLUTA expert Michael Schoor achieves 100% recovery rate for creditors of a cooperative

28 February 2020 · Leipzig · Business Area Insolvency Administration

Insolvency administrator Mr Michael Schoor from PLUTA Rechtsanwalts GmbH has fully satisfied the claims of all creditors of wood specialist EVG Holzhandwerk Leipzig eG. These are insolvency claims pursuant to section 38 of the German Insolvency Code (InsO).

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Process launched to find investors for Bock and Weisser

27 February 2020 · Singen · Business Area Insolvency Administration

Provisional insolvency administrator Mr Florian Schiller from PLUTA Rechtsanwalts GmbH has launched a process to find an investor for Bock GmbH & Co. KG, based in Lauterbach. This process will be coordinated by an M&A advisor. There have already been several enquiries from potential investors. In parallel, discussions are ongoing regarding Bock’s sister company Weisser Werkzeugbau GmbH & Co. KG, based in Deißlingen in the state of Baden-Württemberg. PLUTA restructuring expert Mr Steffen Beck is involved as provisional administrator in the insolvency proceedings for Weisser.

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PLUTA restructuring expert Daniel Barth appointed provisional administrator for power-to-gas specialist MicroPyros

20 February 2020 · Regensburg · Business Area Insolvency Administration

By an order of 19 February 2020, the Local Court of Straubing appointed Mr Daniel Barth from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for MicroPyros GmbH. The company specialising in renewable energy had to file for insolvency due to liquidity problems. A planned funding round could not be completed.

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PLUTA expert Frank Mößle appointed provisional administrator for AWO Protect

19 February 2020 · Business Area Insolvency Administration

By an order issued on 18 February 2020, the Local Court of Frankfurt am Main has appointed Mr Frank Mößle from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for AWO Protect gGmbH. The company had to file for insolvency in early February 2020. The managing director had already suspended business operations and terminated the contracts of all six remaining employees effective 29 February and 31 March 2020. Filing for insolvency became inevitable for the company due to liquidity problems, as the security firm had no further orders.

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PLUTA restructuring expert Michael Bremen appointed as provisional administrator for RP Vertriebsgesellschaft mbH

18 February 2020 · Düsseldorf · Business Area Insolvency Administration

RP Vertriebsgesellschaft GmbH from Erkelenz, a company that is well known in the motor sport and tuning scene under the brand names ‘IronForce’ and ‘Ring Police’, filed for insolvency with the Local Court of Mönchengladbach on 10 February 2020 on account of a liquidity shortfall. Following this, the insolvency court ordered measures to preserve the company’s assets and appointed Mr Michael Bremen, an attorney from PLUTA Rechtsanwalts GmbH, as provisional insolvency administrator on the same day.

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Initial discussions with investors for bicycle service provider LiveCycle

14 February 2020 · München · Business Area Restructuring

LiveCycle GmbH is continuing its restructuring measures as planned under debtor-in-possession insolvency proceedings. The company initiated a structured process of finding an investor yesterday. “We have already held initial talks with interested parties, which have been very promising. Our aim is to achieve a long-term solution for LiveCycle by this spring,” said Mr Ivo-Meinert Willrodt from PLUTA Rechtsanwalts GmbH.

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Court opens insolvency proceedings for Grüntenlifte lift operator – PLUTA restructuring expert Florian Zistler appointed administrator

13 February 2020 · Kempten · Business Area Insolvency Administration

The Local Court of Kempten opened insolvency proceedings for Grüntenlifte Betriebs-GmbH yesterday and appointed Mr Florian Zistler from PLUTA Rechtsanwalts GmbH as administrator. Mr Zistler had already been involved in this matter as provisional administrator since November 2017.

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PLUTA restructuring expert Stefan Meyer achieves long-term solution for metal construction company

7 February 2020 · Lübbecke · Business Area Insolvency Administration

In November 2019, Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH began the process of finding an investor for the metal construction company HIK Systeme und Module. This has now been completed. The restructuring expert and his team have achieved a long-term solution for the operation in Rahden. HIK GmbH (a subsidiary of GLA-WEL GmbH based in Melle) have taken over the business operations under an asset deal.

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PLUTA restructuring expert Steffen Beck finds investor for precision engineering company

3 February 2020 · Stuttgart · Business Area Insolvency Administration

A long-term solution has been found for Schmid Solution GmbH & Co. KG based in Ditzingen near Stuttgart. Mr Steffen Beck from PLUTA Rechtsanwalts GmbH sold the business to Pascal Schmid with effect from 1 February 2020.

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Restructuring of Gustav Knippschild and Sander making progress thanks to proceedings being opened

3 February 2020 · Rinteln · Business Area Restructuring

The Local Court of Bückeburg opened insolvency proceedings for the assets of Gustav Knippschild GmbH and Sander Maschinenbau GmbH & Co. KG as planned on 1 February 2020. Both proceedings will continue to be pursued under debtor-in-possession management.

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LiveCycle bicycle service provider files for debtor-in-possession proceedings

31 January 2020 · München · Business Area Restructuring

LiveCycle GmbH filed an application for the opening of debtor-in-possession insolvency proceedings. Following this, the Local Court of Munich ordered provisional proceedings to be opened. The company had to file the application after the lack of bridging funds had led to a liquidity shortfall. The innovative bicycle service provider, headquartered in Munich, will use the options offered by the proceedings to reposition itself and to accelerate the previously started process of finding an investor.

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PLUTA restructuring expert Stefan Meyer finds investor for PEACOCK fashion

31 January 2020 · Münster · Business Area Insolvency Administration

Insolvency administrator Mr Stefan Meyer from PLUTA Rechtsanwalts GmbH sold the business operations of PEACOCK Moden GmbH to the newly founded DaLe Vertriebs GmbH. The purchase agreement has been signed by the persons responsible this week with effect from 1 April 2020.

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PLUTA restructuring expert Florian Zistler finds investor for Taxi Allgäu in Füssen

30 January 2020 · Füssen · Business Area Insolvency Administration

Mr Florian Zistler from PLUTA Rechtsanwalts GmbH has now also succeeded in finding a buyer for the second location of the passenger carrier service Taxi Allgäu. Ms Julie Krüger from Lengenwang in the Allgäu region has been operating the business since 1 February 2020. She has already signed the purchase agreement and has kept on all six members of staff. This means that passenger and medical transport services in the region will also be ensured in future. Mr Zistler had held talks with several parties interested in buying the Füssen location, with the contract finally being awarded to Ms Krüger.

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PLUTA restructuring expert Patrick Meyerle finds investor for electronics manufacturer

30 January 2020 · Nürnberg · Business Area Insolvency Administration

Mr Patrick Meyerle from PLUTA Rechtsanwalts GmbH has succeeded in finding a long-term solution for FG-Elektronik GmbH based in Rückersdorf near Nuremberg. SASSE Elektronik GmbH took over the company as part of an asset deal with effect from 28 January 2020. The persons responsible for the transaction have agreed to maintain confidentiality about the purchase price

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Leysieffer reaches important milestone for the future

29 January 2020 · Osnabrück · Business Area Insolvency Administration

Leysieffer GmbH & Co. KG has taken an important step in securing the company’s future during debtor-in-possession proceedings. The process of finding an investor has been successfully concluded.

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Job Find 4 You Personalmanagement GmbH to continue restructuring as a debtor in possession

28 January 2020 · Gronau · Business Area Insolvency Administration

To be able to continue its restructuring programme, Job Find 4 You Personalmanagement GmbH yesterday filed an application with the Local Court of Münster for the opening of debtor-in-possession insolvency proceedings. The court has assented to this application and ordered provisional debtor-in-possession proceedings. As a result of the court order, the management of the business will remain in the hands of the management board. Business operations will continue without restriction and all customers will continue to be professionally looked after.

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Restructuring expert Michael Pluta achieves a long-term solution for ifa Akademie

28 January 2020 · Stuttgart · Business Area Insolvency Administration

Mr Michael Pluta has succeeded in achieving a solution for the language school ifa Akademie. The restructuring expert and managing director of PLUTA Rechtsanwalts GmbH sold the business to the renowned educational organization Kolping-Bildungswerk Württemberg with effect from 1 January 2020. In future, well-trained professionals will continue to provide high-quality language courses under the umbrella of the Kolping-Bildungswerk.

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PLUTA restructuring experts to support plastics specialist Bock and tool maker Weisser as provisional administrators

27 January 2020 · Singen · Business Area Insolvency Administration

Bock GmbH & Co. KG, based in Lauterbach, and its sister company Weisser Werkzeugbau GmbH & Co. KG, located in Deißlingen in the federal state of Baden-Württemberg, have filed for insolvency. The Local Court of Rottweil ordered provisional insolvency proceedings to be opened for the assets of both companies on 24 January 2020.

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PLUTA restructuring expert Mirko Möllen appointed provisional administrator for the Dorfladen Wörthsee village shop

21 January 2020 · Weilheim · Business Area Insolvency Administration

The Local Court of Weilheim has appointed Mr Mirko Möllen from PLUTA Rechtsanwalts GmbH as provisional insolvency administrator for Dorfladen Wörthsee UG. The company had to file for insolvency on 19 December 2019. The managing directors have already closed the company and terminated all nine employees effective 31 December 2019 or 15 January 2020.

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PLUTA attorney Dr Kaufmann looking for an investor for FORNY Group

15 January 2020 · Bremen · Business Area Insolvency Administration

The Bremen-based and Hagen-im-Bremischen-based operational companies in the FORNY Group filed applications with the competent insolvency courts in Bremen and Cuxhaven for the opening of insolvency proceedings for their assets on 30 December 2019. In concrete terms, this affects FORNY Group GmbH, EFORNY Services GmbH, OFORNY Professionals GmbH, FORNY Global Professionals GmbH and IFORNY Joint Ventures UG (limited).

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Kaufland signs purchase agreement for Dormacenter in Dormagen

10 January 2020 · Dormagen · Business Area Insolvency Administration

Mr Markus Küthe of Kluth Rechtsanwälte, Chief Restructuring Officer in the debtor-in-possession proceedings, has concluded a purchase agreement with Kaufland for the Dormacenter shopping centre in Dormagen on behalf of REII - Development AG, the centre’s insolvent owner and operator.

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Meier-Ratio emerges strengthened from debtor-in-possession proceedings

8 January 2020 · Dessau-Roßlau · Business Area Insolvency Administration

Now it is official: the Local Court of Dessau has terminated the debtor-in-possession proceedings for the vehicle producer Meier-Ratio GmbH based in Dessau-Roßlau. This means that the management team has successfully completed the restructuring process implemented on its own initiative.

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GERRY WEBER embarks on a new future

2 January 2020 · Halle/Westphalia · Business Area Insolvency Administration

The start of the new year also heralds a new beginning for the GERRY WEBER Group. With effect from 31 December 2019, the Local Court of Bielefeld ordered the termination of the debtor-in-possession insolvency proceedings for GERRY WEBER International AG (GWI), which had been opened on 1 April of that year. Thanks to these proceedings, it had taken the fashion company less than one year to successfully implement a concept for the future.

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