Crises and insolvencies are part of business life. They are not confined to either small and medium-sized enterprises, or to large groups of companies. With active and timely advice, they can, however, be avoided or even be used deliberately as a chance for a new start-up. For that it is important to have an advisor who is experienced in insolvency matters to support you.
PKF Fasselt Schlage advises creditors, entrepreneurs, shareholders/partners or investors in advance of or during insolvency proceedings.
You can find further information on the subject of insolvency on our website PKF Fasselt Schlage Insolvency Administration.
There is no separate "Restructuring tax law". The tax effects of restructuring measures can lead to a considerable liquidity drain. To avoid a drain on liquidity, the controversial restructuring tax abatement can provide help.
In case the point should nevertheless once be reached where the debtor does not pay the invoice due, lots of questions arise: what legal possibilities do creditors have after an unsuccessful reminder? What happens to receivables if the debtor, in the worst case, even becomes insolvent?
Experience shows that many entrepreneurs do not have an effective management of the risks on receivables – there is a danger of being caught off guard by bad debt losses. With the correct direction settings, observance of the amendment of debt recovery law and relevant knowledge of insolvency proceedings, effective enforcement of claims will succeed.