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2 years ago

InsO study 2015

  • Text
  • Insolvency
  • Restructuring
  • Proceedings
  • Mckinsey
  • Creditor
  • Esug
  • Creditors
  • Preliminary
  • Respondents
  • Germany

Around 1/3 of

Around 1/3 of self-administration proceedings are converted to standard insolvency proceedings as they progress Regarding all applications for self-administration Percent Application Where preliminary proceedings are ordered At initiation After initiation Application for self-administration submitted Preliminary insolvency administration ordered Preliminary self-administration ordered Launched as standard insolvency proceedings Launched as self-administration proceedings Converted to standard insolvency after initiation Self-administration proceedings lifted or still ongoing 867 126 741 85 656 74 582 -33% 14.5 9.8 8.5 Insolvency proceedings lifted Self-administration proceedings still ongoing (or data not known) 194 388 Database 03/2012 - 04/2015, adjusted to exclude proceedings for the following legal forms: e.V., gGmbH, individuals SOURCE: WBDat/Verlag INDat, Cologne 8

However, the improvements made have increased complexity and led to increased consulting effort ... ESUG has made restructuring more complex and has led to increased consulting effort Percent Completely agree 9 Mostly agree 35 80 Slightly agree 36 Slightly disagree 14 Completely disagree 5 20 Mostly disagree 1 "The [...] protective shield and plan proceedings in particular are too complex." – University professor SOURCE: Noerr; McKinsey 9

English

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