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Bankruptcy & restart

This is definitely not an everyday event. You end up in a situation that you have never experienced before and you do not know what to do. You urgently need a discussion partner which can comprehend the scale of the problem and also give you some good advice on which possibilities to take into account.

When a restart is possible, the right measures should be taken quickly. First of all, you should hold discussions with the curator. Then you have to make investments and search for a new sponsor and draft a business plan and hire new personnel or take them over from the bankruptcy.

 In addition to this, the curator of the bankrupt is also going to assess whether you performed inadmissible things.

Planning a restart scenario after bankruptcy is in many cases unsuccessful.  The errors that you made in the past are usually repeated after reopening. Additionally, creditors or suppliers from the bankruptcy often try to recover their old claim against the bankrupt company on your new venture. This is certainly not surprising as far as they are not content with the situation and having thus not much understanding for your situation.

Feel free to count on our expertise in guiding you during this process to create an optimum position for the future.