In an acute crisis, action must be taken much more decisively and immediately than in a program aimed at increasing earnings where there is in fact no existential need. As long as your company is not yet insolvent, you can arrange tax deferrals with the tax office through your tax advisor, which will preserve your …
As soon as an economic crisis becomes existentially threatening, immediate measures are required. As a rule, advanced payment difficulties already exist at this point, which have already been perceived by suppliers. In such a situation, you have short-term options through , by asking selected customers to , through pragmatic , by or by interim financing …
Insolvency is feared by all managing directors and board members. The path to is often gradual. As a result, managing directors and board members sometimes realize the development at a very late stage. In some cases, they even suppress the step of . In this situation in particular, you need a clear head in order …
As a common rule of thumb, your company is considered insolvent if it can no longer settle at least 90% of its liabilities within the agreed payment periods or cannot meet this condition again within 3 weeks. Note, however, that any new amounts falling due in the meantime must be included in the consideration. A …
Legal obligations of filing for insolvency are differing from country to country. In Germany, Section 15 (1) of the Insolvency Code (InsO) stipulates that a company that is insolvent must immediately file an application for creditor protection with the competent local court (obligation to file for insolvency). The purpose of filing for insolvency is to …
Insolvency procedures may differ from country to country. As a reference, in Germany, normally, a three-month preliminary insolvency phase is initiated with the application for creditor protection, which leads to regular insolvency proceedings at the end of this period. What should you expect now? Depending on the size of the company, the court-appointed insolvency administrator …
What does plan insolvency in self-administration mean? In addition to , there is the option of plan insolvency proceedings in self-administration pursuant to section 270a InsO, provided certain requirements are met. The plan insolvency procedure in self-administration is another instrument for the reorganisation of companies. The special feature of this procedure is that the company …
In some countries, there are special forms of insolvency proceedings. As an example, in Germany, in addition to and , there is the option of protective shield proceedings pursuant to Section 270b InsO, provided that certain requirements are met. The protective shield proceedings are also known as “ESUG proceedings”. ESUG is a law to further …
If you wish to dispose of your business or parts of your business, prepare carefully for the . If you want to grow your business, gain access to markets, technologies or processes, or gain access to further capacities, you may want to consider targeted of suitable businesses in addition to organic development. Perhaps you would …
Company valuation for the purchase/sale of companies or parts of companies The topic of “company valuation” often stirs the emotions. In particular, shareholders of family-run companies often see a higher value in their companies than it arithmetically results and than it can be achieved on the market. This is because companies are often associated with …
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