Mosbach/Ahorn, July 3, 2018. IHP Service GmbH, a provider of industrial services, filed an application for the opening of insolvency proceedings with the local court in Mosbach last week. The court then appointed attorney Marcus Winkler of the German law firm BBL as preliminary insolvency administrator of the company.
Winkler is currently getting an overview of the economic situation of IHP Service and has already started talks with all the main parties involved. His goal is to put the company Ahorn back on a solid footing and to preserve as many jobs as possible. Together with his team, he is now examining all the restructuring options available to him.
“Our initial focus is on stabilizing IHP Service’s business operations,” explains restructuring expert Winkler. As one of the first measures, the approximately 100 employees in Ahorn were today informed about the procedure and the next steps. Instead of their wages and salaries, they will in compensation receive insolvency money from the Federal Employment Agency until August 2018. An application has been made for pre-financing of the insolvency money.
Meanwhile, business operations will continue in full. The fact that IHP enjoys a very good reputation with its customers is positive, which is a prerequisite for further cooperation in the coming weeks and months.
About IHP Service GmbH:
IHP Service GmbH has been offering tailor-made services such as temporary employment, factory/plant security and cleaning services in the industrial, trade and private sectors since 2009. In addition, the company is also active in warehousing, production and container management services. In addition to internationally active industrial, energy and trading companies, its customers include a large number of small and medium-sized companies from the Bavarian and Baden-Württemberg regions as well as German states and municipalities. The company employs 102 people and 45 temporary workers. IHP Service GmbH is a subsidiary of Maschinenring Tauber-Franken e.V., whose activities are in no way affected by the insolvency proceedings.
Further information: www.ihp-dienstleistungen.de
About Attorney Marcus Winkler:
Marcus Winkler, Partner at BBL, has worked for more than 18 years as a lawyer in the field of restructuring and reorganization and has been regularly appointed as insolvency administrator, administrator and trustee since 2002. His specialization lies in the continuation and the turnaround by means of insolvency plans and/or transferring restructuring of companies of different industries and of all sizes. In addition, Marcus Winkler advises companies and creditors on all questions of insolvency law, in particular in the area of restructuring through a debtor-in-possession proceeding.
BBL is one of the leading law firms with a sole focus on reorganisation, restructuring and insolvency. The firm has extensive experience in complex restructuring projects both within and outside insolvency proceedings. More than 50 lawyers work at BBL nationwide in Germany and also in London.
Further information: www.bbl-law.de
Preliminary insolvency administrator:
Attorney Marcus Winkler
Phone: +49 178 8550496