PLUTA Restructuring Expert Stefan Kahnt is the provisional Insolvency Administrator for Gellertstadt Bakery

Following the decision taken on 20 June 2016, the Local Court of Chemnitz appointed Mr Stefan Kahnt from PLUTA Rechtsanwalts GmbH as the provisional insolvency administrator for Gellertstadt Bäckerei GmbH.

The Hainichen-based bakery operates 28 branches in Saxony and Thuringia with a total of more than 130 employees. Together with his team, Mr Kahnt has already been able to obtain a first overview of the situation concerning the bakery. The PLUTA attorney says: “Business is being continued at all branches and without any restrictions. The customers can continue to do their shopping and to rely on the consistent high quality of the baked goods.” The objective of the insolvency administration is to give the traditional company good prospects of a successful future.

In his capacity as the provisional insolvency administrator, Mr Kahnt has already arranged for the pre-financing of the so-called insolvency substitute benefits. Employee wages and salaries are secure for a period of three months thanks to these benefits. Currently, the bakery has a workforce of more than 130 employees.

The company is a traditional producer of baked goods with headquarters in Hainichen, the city in which the German poet Gellert was born. For more than 50 years now, its bakers have been using their excellent workmanship to produce for the customers baked goods from high-quality raw materials. Gellertstadt Bakery is receiving advice from Mr Thomas Mulansky from the Dresden-based law firm Zwade Mulansky Rechtsanwälte GmbH.

The bakery operates a total of 28 branches in 21 towns and cities: Hainichen, Altenberg, Bannewitz, Bürgel, Chemnitz, Dresden, Eisenberg, Gera, Geringswalde, Glashütte, Jena, Lauchhammer, Leipzig, Limbach-Oberfrohna, Magdala, Meißen, Mittweida, Oederan, Radebeul, Stadtroda and Waldheim.