Turnaround
Preventive restructuring (StaRUG): Securing the ability to act, avoiding crisis
Financial difficulties often arise gradually - but those who act early can avert major damage. Preventive restructuring in accordance with StaRUG gives companies the opportunity to restructure themselves outside of insolvency proceedings, restructure liabilities and create viable prospects for the future. Our approach combines legal security with economic foresight in order to get companies back on track at an early stage through targeted measures.
What does preventive restructuring according to StaRUG mean?
The Corporate Stabilization and Restructuring Act (StaRUG) enables companies to avert impending insolvency at an early stage. It creates a clear legal framework for the out-of-court restructuring of debts and the involvement of creditors - without the stigmatization and restrictions of insolvency proceedings.
When is StaRUG the right solution?
- If the threat to the company's existence is foreseeable but not yet acute.
- When companies seek an out-of-court settlement with creditors.
- When restructuring is necessary but the operating business is still functioning.
- When early measures improve the chances of a successful restructuring.
With a well-thought-out restructuring plan, companies can regain financial stability and future-proof their business model.
Core components of preventive restructuring.
- Analysis of the initial situation
Determination of the financial situation, identification of the causes of the crisis and determination of the current stage of the crisis. - Development of concrete measures
Definition of targeted financial and operational steps to overcome the crisis sustainably and restore competitiveness. - Creditor structure and interventions in receivables
Identification of the relevant creditor groups and planning of necessary interventions in receivables, collateral and other rights. - Preparation of a robust business plan
Preparation of a medium-term business plan, taking into account the planned restructuring measures and financial interventions. - Comparative calculation to the next best alternative
Assessment of the creditors' prospects of satisfaction compared to alternative scenarios - in particular a possible insolvency. - Securing the company's ability to continue as a going concern
Proof that the planned measures can secure the company's solvency in the long term and restore its viability.
Why wibas?
Successful preventive restructuring requires experience, negotiating skills and a deep understanding of economic relationships:
- Early crisis detection & forward-looking planning
Identification of risks before they become a threat to the company's existence. - Holistic restructuring approach
Combination of financial restructuring and business strategy realignment. - High level of acceptance among creditors and stakeholders
Experience in negotiating with banks, investors and other interest groups. - Practical, implementable solutions
Not a theoretical concept, but a clear roadmap with realistic measures.
Preventive restructuring in accordance with StaRUG offers companies a unique opportunity to set the course for a successful future at an early stage. If you act now, you will secure leeway and protect the company.
Contact us for an initial assessment - together we will develop a viable solution.
Conclusion: More scope for early restructuring - the restructuring work remains.
The StaRUG expands the possibilities for pre-insolvency restructuring in Germany and allows companies to implement restructuring measures even against the resistance of individual, less significant creditors - without having to initiate insolvency proceedings. Although a restructuring can be based purely on financial measures, in most cases a comprehensive, coherent and viable restructuring and turnaround concept remains the decisive success factor for a sustainable restructuring.
IBR and plan plausibility check
An Independent Business Review (IBR) provides an objective assessment of a company's economic situation and evaluates the viability of planned measures.
Preventive restructuring (StaRUG)
Preventive restructuring in accordance with StaRUG gives companies the opportunity to restructure themselves outside of insolvency proceedings, restructure liabilities and create viable prospects for the future. Our approach combines legal security with economic foresight to get companies back on track at an early stage through targeted measures.
IDW S6 turnaround report
When a turnaround report in accordance with IDW S6 is required, far-reaching decisions have to be made: Is the company still capable of being restructured? Are there realistic prospects for the future? The expert opinion creates transparency for banks, investors and management by combining both economic rationality and legal requirements. Our practical approach not only provides a reliable analysis, but also a viable turnaround concept - fast, well-founded and implementation-oriented.
Valuation according to IDW S11
Before a turnaround report in accordance with IDW S6 can be prepared, it must first be checked whether the company is (at risk of) insolvent or overindebted. The valuation in accordance with IDW S11 provides precisely this basis for decision-making and creates transparency regarding the economic situation and restructuring capability of a company.
Your contact person:
Malte Foegen
