From the last two years, our medium-sized company in Bavaria had accumulated Corona aid loans and other bank liabilities. In the course of an unfortunately sluggish business development, we would probably no longer have been able to service the installments. Therefore, at the end of last year, on recommendation, we commissioned David Schirrmacher with a restructuring in the form of a reorganization plan including data room support and new business planning. After several rounds of negotiations, the restructuring plan was now accepted by our two house banks in the middle of this year. Our company continues to exist, albeit somewhat smaller, and we were able to acquire and retain the company property in particular. I am very happy as the owner, thank you very much.
Show original
Translation