Restructuring - First aid in an emergency – and a precaution during good times
If the company is already feeling under the weather, it is time to act. Quickly and prudently. When a company needs restructuring, there is usually not a lot of time or money for long periods of deliberation ... What is needed is a restructuring concept with very specific restructuring measures.
A forecast of its continued existence needs to be issued if the company is to survive. In other words: the patient needs a real chance of survival. Otherwise, there is little chance that the creditors will support it with even more money... We provide our clients with all-around support during the restructuring process, and assist it with our many years of experience. We prepare liquidity plans and an asset status, and we analyse the sales and procurement market. And we also provide our clients with advice and tangible assistance when it comes to negotiations with trade unions, creditors, the works council, customers, the tax office and the social insurance agencies.
On many of the associated questions, we also work together with experienced lawyers and experts from other disciplines.
In addition, we are also happy to provide our clients with precautionary advice. Because once the crisis has arrived, it is usually difficult to do something really efficient to speed up the recovery because of the lack of time, money and the appropriate employees. We therefore recommend preparing internal systems and workflows for an emergency, especially when the company is enjoying good times. Because taking precautions is always the best medicine...