PLUTA attorney Florian Zistler pays out social plan funds of around one million euros to former Menrad employees

In the insolvency proceedings for Ferdinand Menrad GmbH + Co. KG, insolvency administrator Mr Florian Zistler from PLUTA Rechtsanwalts GmbH has paid out the maximum possible amount under the social plan. The funds for the more than 100 former employees total around one million euros and equate to 2.5 times the monthly payroll.

The Local Court of Aalen approved the corresponding application from the administrator. According to section 123 of the German Insolvency Code (InsO), a social plan in insolvency proceedings may provide for a total amount of up to two and a half month’s earnings of the employees concerned. In addition, it may not exceed one third of the insolvency estate.

PLUTA attorney Mr Florian Zistler said, “Almost one million euros has been paid out this week to the former employees. The maximum amount has therefore been fully distributed. This has only been possible thanks to strong proceeds of sale in recent months.”

Menrad, a long-established eyewear manufacturer based in Schwäbisch Gmünd, had to file for insolvency one year ago in March 2025. The Local Court of Aalen opened the insolvency proceedings for the assets of Ferdinand Menrad GmbH + Co. KG in late May 2025 and appointed Mr Florian Zistler from PLUTA as insolvency administrator. As no investor was willing to acquire the entire business, the administrator sold Menrad’s trademark rights and international holdings. In addition to attorney Mr Florian Zistler, the PLUTA team is comprised of business lawyers Mr Dennis Stroh (LL.M.) and Mr Nico Kwiatkowski (LL.B.).