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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.
“We are currently gaining a first impression and are continuing to run business operations. All orders will continue to be processed as usual,” said the restructuring expert Mr Michael Pluta. Filing for insolvency became inevitable due to an unexpected liquidity shortage.
BULLYLAND GmbH has a workforce of approximately 50 employees, whose salaries are guaranteed for a period of three months thanks to the so-called insolvency substitute benefits. “In today’s staff meeting, we informed the staff together with the members of the management. The staff are happy that business operations will continue and are motivated,” added Mr Pluta.
Mr Michael Pluta will be supported in the proceedings by the business management expert Mr Andreas Hummel. All the members of the PLUTA team are specialists in corporate restructuring.