Nationwide research study | 2015/2016
In summer 2015, we have initialized a nationwide empirical research study regarding our business area “companies in special situations”. Within this study, we examine why the insolvency plan is hardly in practice so far in small and medium-sized businesses, although it is a very useful and efficient instrument of business restructuring. The objective of this study was to develop a practice-oriented guideline, which shall make the instrument “insolvency plan” more attractive to the target group in times of ESUG (German law for the simplification of corporate restructuring).
Within our current study, over 100 institutes of credit unions and savings banks have been interviewed nationwide and their answers have been evaluated and analyzed. As being the main financers of the mid-sized sector, these credit institutes are regularly very important stakeholders within the reorganization and insolvency of small and medium-sized businesses and with their participation in a restructuring concept actually decide about their fate. Our analysis focusses on the status quo in the years since implementation of the ESUG, on experiences with this challenging instrument as well as the corresponding organization and constitution within the credit institutions.
The study was a joint project between SSC Management Consult, IfUS Institute for Business Restructuring and Development (of the SRH Fachhochschule Heidelberg) and WELLENSIEK Rechtsanwälte Partnergesellschaft (law firm) and was published in June 2016.
Further information regarding this study is provided on the website of IfUS Institute for Business Restructuring an Development. Please follow this link.