Germany
Maximilianstr. 280539 München
Germany+49 89 4444 373-20
Kanzlei Verbracken & Partner
Restructuring and StaRUG
Acting early creates more options. Whether a creditor settlement, restructuring plan or insolvency fits depends on the stage of the crisis.
Address the crisis before acute insolvency
Subject to statutory conditions, StaRUG provides instruments to address impending inability to pay. It is not a general substitute for an insolvency filing already required. A viable concept needs current figures, a funding perspective and justified treatment of affected creditors.
Which claims can be restructured?
A restructuring plan can modify certain claims and rights. Not every item is eligible: section 4 StaRUG excludes, among others, employee claims and certain tort claims. Voting majorities, class formation and minority protection require professional assessment.
A coordinated team
We bring together the financial position, corporate structure and personal risks. Legal and tax professionals assess implementation. Alternatives include out-of-court settlements and an insolvency plan where these fit better.
Your situation deserves a clear next step.
We assess your circumstances personally and involve the appropriate professionals for legal and tax questions.