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insolvency

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In contrast to personal bankruptcy, there is regular bankruptcy. Because entrepreneurs also have the opportunity to file for bankruptcy with their company. If this is the case, one speaks of corporate bankruptcy. A special insolvency procedure is used for such corporate insolvency. The aim of this is to free the bankrupt company from its debts or to manage it after over-indebtedness and then to reorganize it. Process of a corporate bankruptcy procedure But how does such an insolvency procedure actually work? Who is responsible for implementation and are there any differences in terms of the type of company? Three stages of corporate bankruptcy The procedure for standard insolvency normally takes place in three consecutive phases. It begins with filing the application for bankruptcy, followed by an opening procedure and finally ends with the actual bankruptcy procedure. Application to open insolvency proceedings Before a regular procedure can even be initiated, a…

While some close the chapter of bankruptcy as failure, others are specifically looking for companies in such crisis situations. But how can you actually find insolvent companies? Not everyone sees something negative in corporate bankruptcy. Even if most of them are happy not to be affected, others see this as an opportunity to build up an existing company from scratch and give it a new shine. Before this is possible, however, such a company must first be found. In this article you will find out where you can specifically find insolvent companies. How can you even find out about companies in bankruptcy? Obtaining information about bankrupt companies is actually relatively easy in practice. According to §9 InsO (Insolvency Ordinance), every bankruptcy and subsequent proceedings must be publicly announced. Since 2002, publication has to be made centrally and across countries on the Internet. Where can you find bankrupt companies? As a…

Bankruptcy doesn’t always have to mean negative things. Above all, entrepreneurs with courage, passion and capital often see corporate bankruptcy as an opportunity. As an opportunity or possibility to acquire an already existing company cheaply and to lead it back on the path of success with the right measures. But even if you yourself are the victim of a bankruptcy, this does not have to mean an unchangeable defeat. The way out of bankruptcy is certainly not a walk in the park, means a lot of w ork and above all requires one thing: a lot of communication, but it is feasible. Because as long as you bring everyone involved, such as customers, suppliers, creditors and co. To one table, you can use a company bankruptcy as an opportunity for a fresh start. When does a company go bankrupt? But sometimes it is not really clear when exactly a company…

Corporate bankruptcy rarely comes suddenly. Often times it is the result of a failure to pay attention to a number of risk factors. In order to avert impending bankruptcy, entrepreneurs should therefore always keep an eye on the most common reasons and take countermeasures if necessary. Rarely is it just one factor that leads to bankruptcy. The combination of several reasons over a longer period of time often represents the obligatory drop that brings the barrel to overflowing. The most common reasons for corporate bankruptcy Because of this, it is worthwhile for every type of entrepreneur, whether experienced or just a beginner, to find out about the most common risk factors. Bad funding There are supposedly lucrative financing offers lurking around every corner. Founders with little equity in particular tend to take advantage of this quickly. An investment through borrowed capital can often contain hidden and high interest rates. If…

Bankruptcy – a bad word for many. However, bankrupt companies buy the epitome of self-actualization for others. You see the challenge of turning a broken business back into a successful company with the right strategy. But is it even possible to lead a company out of a crisis that way? And above all, is it worth it at all? When does a company go bankrupt? When a company has to file for bankruptcy depends primarily on its legal form. As a rule, one can speak of an insolvent company if either there is a threat of insolvency or if this has already occurred. In the case of a corporation, such as a GmbH, one speaks of insolvency according to the InsO (Insolvency Ordinance) if the company is overindebted. Then there are different procedures how to proceed with a bankruptcy. One way of doing this is to sell the insolvent company…

For every successful startup there is a significantly higher number of projects that – mostly quietly and clandestinely – disappear again. In addition to great opportunities, starting a company also harbors risks. The biggest risk one independence is a final failure, in other words: bankruptcy. Buying an insolvent company or essential parts of it is often an interesting alternative to starting a new business. We have already discussed the chances of such an insolvency in the article: Startup bankruptcy as an opportunity use discussed. Now we would like to show you how you can build it up again after buying an insolvent startup or online shop. Reasons for bankruptcy The most common reason why Startups failure is lack of demand. The idea may be a good one, but somehow nobody wants to buy it or pay for it. A good example are content management systems ( Wordpress , Joomla, etc.).…

Startups are faced with major challenges in order to position themselves in the market. Well over half of all startups fail. about many possible reasons this has already been debated. Startups have many advantages over traditional companies: flat hierarchies, short decision-making paths, flexibility, etc. But it is often still difficult to really establish startups on the market. Startup cemetery Startups – on the narrow gap between success and failure. “Hype company files for bankruptcy” – Headlines like these are not uncommon in the startup world. Startups are repeatedly affected by the worst case scenario. This year you can read about the failure of some very well-known startups such as Paymill, Retravel, Bonativo, Lokalisten, Vendomo, Topdeals.de and many more. All of these end up in the so-called startup cemetery. Resurrection Selling your beloved startup is often a tough decision. But maybe the good idea can be revived by another founder with…

Do you have a small or medium-sized startup and now want to sell your startup or are you planning a startup exit? We are of the opinion that many small and medium-sized projects are ready for an exit and that many founders simply do not want to start from scratch and are happy to take over an existing startup. Just how does it work? We have put together some tips. Plan a startup exit You notice that you are slowly running out of time or your desire Startup continue and now want a successful startup exit. That is perfectly ok and should be planned well. When we sold our first startup, the first step was to close all open projects and make the model salable. That means informing suppliers and stakeholders and being able to hand over the systems with documentation. You have now made all the preparations to start…

You should know that about bankruptcy In the past ten years there have been around 340,000 bankruptcies in which around five million people have lost their jobs. The damage to the German economy is estimated at 250 billion euros. Often this is because the Startup or the Online shop is not rehabilitated. A company is insolvent as soon as it becomes insolvent. You can also find many definitions of on other websites Bankruptcies . When the online shop has to file for bankruptcy Of course, there are also many examples of a successful turnaround if you take action and react in good time. Insolvency administrators often look after many online shops and startups at the same time and thus often lose track and do not devote enough time to the online shop. For this reason, you have to act yourself and also help to pull through or avoid bankruptcy. It…

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