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The Local Court of Cloppenburg in the German federal state of Lower Saxony has ordered provisional insolvency administration for the assets of the coach operator Gerhard Paul von Grönheim on 7 June 2019. Dr Christian Kaufmann, a restructuring expert from PLUTA Rechtsanwalts GmbH, was appointed as the provisional administrator. Filing for insolvency became inevitable for the company due to liquidity problems.
Gerhard Paul von Grönheim operates the business as a sole proprietorship, which is based in the Pirgo industry park in Friesoythe, Lower Saxony, and currently has a workforce of 96 full-time and part-time employees. His coach company mainly focuses on transporting passengers in the charitable and social area. Each day, up to 500 disabled children and juveniles are brought to school and similar establishments with 53 vehicles. The company’s business has been maintained without any interruption since the application was filed. This means that the transport of the children in the Southern Oldenburg Region has been secured.
Together with the PLUTA team, the insolvency law expert Dr Kaufmann has obtained an initial overview of the situation that the company is in. “We are continuing the business operations without any restrictions and are trying to find an investor. We have already held promising discussions for this purpose. I am therefore optimistic that we will be able to find a good and long-term solution for the company in the near future,” said Dr Kaufmann, who will be supported in the proceedings by the attorney Mr André Gildehaus and the economist Mr Jürgen Schendel.