Insolvency proceedings for Limes-Invest GmbH: Creditor meeting is imminent!

Insolvency proceedings for Limes-Invest GmbH: Creditor meeting is imminent!

On February 1, 2025, the Wiesbaden district court at 8:50 a.m. Limes-Invest GmbH & Co. KG opened. The company's seat is located at Neukirchner Straße 51, 65510 Hünstetten and is entered under the HRA 10713 trading registration number. The company is represented by the Build.Ing. Limes-Invest Verwaltungsgesellschaft mbH, which acts as a personal partner. Insolvency administrator is lawyer Dr. Johannes Konstantin Hancke from the law firm Hezel Hancke partner Rechtsanwälte PartmbB, whose contact details can be found on the firm website or on 0611 94583-914.

The bankruptcy court ordered the debtor's own administration. This means that the management may manage the bankruptcy estate under the supervision of an administrator. The aim of this measure is to increase the chances of renovating society. Creditors are asked to register their bankruptcy claims by April 8, 2025 in writing. Necessary evidence such as documents or invoices must be attached. Special attention is also offered with security rights to moving things or rights, which they have to display immediately from the administrator (Section 28 (2) InsO).

invitation to the assembly of creditors

A believer meeting will take place on Tuesday, April 29, 2025, at 10:00 a.m. in the Wiesbaden Justice Center, Mainzer Straße 124, 65189 Wiesbaden, room 1,018. In this meeting, the debtor will report on the current status of the renovation efforts, and the administrator will make a statement. All registered claims are checked in this context.

Insolvency law has changed significantly in recent years, and procedures such as protective shield procedures have often been in focus since 2012. Although often misunderstood, self -administration can only be requested if there is an impending insolvency or over -indebtedness. The bankruptcy proceedings are divided into two main sections: the bankruptcy opening process and the opened bankruptcy proceedings. The first section usually lasts two to three months and can either be carried out as a protective shield procedure or as a preliminary self -administration. However, the protective shield procedure can only be applied if there has been no insolvency.

protective shield procedure as an option

The protective shield procedure, regulated by § 270d Insolvement Regulations (InsO), stipulates that companies can avert impending insolvency and attract time for renovation measures. This procedure is usually carried out by self -administration and aims to continue the company and achieve an independent and efficient renovation. There are several advantages: it protects against creditors, issues operating expenses for three months and enables easier termination of uneconomical contracts and personnel loss without social plan.

In order to be able to initiate a protective shield procedure, specific requirements such as impending insolvency or over -indebtedness as well as an existing renovation concept must be met. The process of the procedure typically includes five steps, starting with the preparation and the bankruptcy application up to the decision of the believer meeting via the renovation plan.

Overall, the developments related to the build-Ing. Limes-Invest GmbH & Co. KG The complex situation in which many companies are now located. The announcement of self -administration could be the last chance to save the company and to maintain jobs.