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The iron foundry in Torgelow had to file for bankruptcy due to the corona crisis
Photo: Norbert Fellechner / imago images / BildFunkMV
SPIEGEL:
Mr. Pluta, Mr. Katholing, the word "bankruptcy" sounds threatening.
Does an entrepreneur have to be afraid when you come into the house as an insolvency administrator?
Katholing:
No
(laughs)
, you misunderstand the intention of the bankruptcy code.
We come to help save the company together with management.
Restructuring, refurbishing and finding a future solution for the "patient": We consider this to be our main task.
That is our corporate philosophy.
To the people
Michael Pluta, 70, is a specialist lawyer for insolvency law and the founder and managing director of PLUTA Rechtsanwalts GmbH.
Marcus Katholing, 53, is a graduate in business administration and managing director of PLUTA Management GmbH.
SPIEGEL:
How do you know that a company deserves an opportunity?
That it can be saved?
Pluta:
If the company has a market position and has motivated employees, it has chances of surviving even in bankruptcy.
There are of course cases where the only thing left is the closure.
In the case of fraudulent bankruptcies, for example, or if the company filed for bankruptcy too late and we no longer find any potential for restructuring.
SPIEGEL:
Or in cases like Wirecard?
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