Insolvency Plan Proceedings

To the Benefit of All Involved Parties

The insolvency plan is a legally and economically sophisticated reorganization instrument that parties involved can use to set up arrangements deviating from the liquidation rules of the Insolvency Code, both within the framework of an out-of-court reorganization and during insolvency proceedings that have already been initiated. The creation of an insolvency plan is an alternative available equally to companies and to natural persons. In particular, a debtor plan prepared and agreed with the creditors prior to filing the insolvency petition, a so-called “prepackaged plan,” can under certain circumstances lead to a significant acceleration in the insolvency plan proceedings and the best possible and transparent restructuring solution.

BRRS attorneys have extensive plan experience. We assist in the preparation and detailing of individual insolvency plans and review insolvency plans (including their annexes) that have been prepared elsewhere. When engaged as insolvency administrators and trustees, we prepare, support, and monitor the insolvency plans and their implementation.

Thanks to our long years of experience as reorganizing insolvency administrators and trustees, we know what measures to initiate when so that long-term business operations can be maintained and the best possible satisfaction of all claims can be achieved — to the benefit of all parties to the proceedings.

The Partners

BRRS Rechtsanwälte – Joachim Büttner – Standort Hamburg

Joachim Büttner

Attorney-at-law, partner, insolvency administrator, trustee

Hamburg & Dortmund Office

Nils Eggers – Rechtsanwalt, Partner – BRRS Ribnitz-Damgarten

Nils Eggers

Attorney-at-law, partner, insolvency administrator

Ribnitz-Damgarten Office

Ulrich Rosenkranz – Rechtsanwalt, Partner – BRRS Hamburg

Ulrich Rosenkranz

Attorney-at-law, partner, insolvency administrator, trustee

Hamburg Office

Jutta Rüdlin

Attorney-at-law, partner, insolvency administrator, trustee

Melsungen & Erfurt Office

Dr. Stephan Schlegel – Rechtsanwalt, Notar – BRRS Eschborn

Dr. Stephan Schlegel

Lawyer, attorney-at-law, N.Y., civil-law notary public, partner, insolvency administrator, trustee

Eschborn Office