Insolvency-related consulting: stability and success in turbulent times

Companies facing insolvency are confronted with a variety of questions that need to be answered quickly and accurately. 

How much room for manoeuvre do I still have? 

Insolvency is the most important issue here, as the company would no longer be able to fulfil its obligations. Relationships with key stakeholders, such as business partners, customers, suppliers and banks, are often severely impaired as a result.  

Which type of proceedings should be used and how do I prepare myself depending on the type of proceedings (e.g. insolvency under self-administration, protective shield proceedings)? 

There are various types of insolvency proceedings that the company concerned can consider, such as self-administered insolvency or protective shield proceedings.  

It is very important to maintain business operations during this time in order to secure assets and convince potential buyers and investors. At the same time, essential restructuring measures must be taken to stabilise the company. 

Negotiations with creditors are unavoidable and must be prepared accordingly. A key challenge is to provide and constantly monitor business information and data and to adapt the next steps accordingly.

In such a critical situation, a prudent approach and professional management of the aforementioned challenges are crucial. Our solution is based on a well-founded and customised analysis process carried out by our team of KPMG experts. Based on this analysis, we derive a promising approach for you. Our consulting services are designed to put your company in a position to ensure the stability it needs to survive. 

As part of our services, we offer you the following steps:

1. Initiation of proceedings: Examination of the requirements for the proceedings (§ 270b certificate, IDW S 9), filing of the insolvency petition, analysis of the company's situation and selection of proceedings
2. Liquidity management: Checking liquidity to ensure that the proceedings can be carried out (liquidity planning, liquidity generation and liquidity management)
3. Securing the insolvency estate: Identifying a core part of your company that can be reorganised and assessing its performance. (Inventory, asset tracing and security management)
4. Continuation solutions: Design and implementation of the transferred reorganisation or insolvency plan from exit planning & implementation to reporting
5. Sales process: Preparation of the sales process, determining the creditors' interest in maintaining the company and the process, due diligence coordination and marketing
6. Exit / aftercare: Preparation of the management and the company for negotiations and derivation of a customised going concern solution for your company and creation of a robust plan for the implementation and achievement of strategic goals in accordance with the requirements of the procedure. (liquidity planning, closing and taxes)
7. Liability issues: Determining the fulfilment of insolvency facts, avoidance claims, forensic issues or potential threats in the foreseeable future

Our experienced team is on hand to guide you through this process and ensure successful implementation.