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Insolvency administrator Dr. Christian Kaufmann from PLUTA Rechtsanwalts GmbH has awarded staff at druckservice duisburg medienfabrik GmbH & Co. KG the first partial payment of their social plan benefits. The partial settlement amounts to 50% of the benefits set out in the social plan. Within the framework of the proceedings, Dr. Kaufmann succeeded in selling the company’s machines for a very good price, thus increasing the insolvency estate.
After attempts to find a buyer for the company had failed, business operations at druckservice duisburg medienfabrik were terminated with effect from 15 December 2014 following the opening of proceedings. Current circumstances suggest that creditors may well expect a recovery rate of 32% at the end of the proceedings, which are expected to be completed by the end of 2016.
Dr. Kaufmann is the Manager of the Bremen and Oldenburg branches of PLUTA Rechtsanwalts GmbH.
druckservice duisburg medienfabrik GmbH & Co. KG is a Stark Group company. The main reason for the insolvency was the liquidity problems following the insolvency of Stark Holding GmbH. The company had specialised in printing magazines, brochures, catalogues and other printed sales and business materials.