ADLER Modemärkte's insolvency proceedings set standards in several respects

- Insolvency proceedings in self-administration successfully concluded only two months after opening and a good seven months after filing - Successful structured bidding process despite Corona lockdown - Takeover by Zeitfracht Group secures more than 2,600 jobs and enables payment of a recognisable quota to creditors - First loan from the Economic Stabilisation Fund (WSF) for companies in insolvency Munich, 31 August 2021 - The insolvency proceedings in self-administration, which were significantly supported by the law firm Gerloff Liebler Rechtsanwälte [...]

ADLER reaches key milestone for restructuring - creditors approve insolvency plan

More than 2,600 jobs and over 130 locations to be retained after implementation of investor concept Haibach near Aschaffenburg, 28 July 2021 - With their unanimous approval of the insolvency plan at the court discussion and voting meeting, the insolvency creditors of Adler Modemärkte AG have laid the key milestone for the successful repositioning of the fashion retailer. The Aschaffenburg District Court confirmed the insolvency plan, which can now be implemented. The aim is to complete the insolvency proceedings opened on 1 July 2021 in [...].

ADLER submits insolvency plan and plans to conclude proceedings by the end of August 2021

Acceptance of Zeitfracht's investor offer by the Company English version Haibach near Aschaffenburg, 02 July 2021 - With the filing of the insolvency plan with the Aschaffenburg Local Court, the decisive phase in the restructuring of Adler Modemärkte AG has now begun. The insolvency plan defines all financial measures for restructuring the company on the basis of the concept submitted by the investor Zeitfracht Logistik Holding GmbH, Berlin. Previously, the company had accepted Zeitfracht's offer [...]

Hallhuber on the way to a successful future

AC Tischendorf, Gerloff Liebler and K&L Gates successfully secure HALLHUBER's path out of self-administration into a successful future after the lockdown The well-known German fashion company Hallhuber GmbH ("Hallhuber") successfully ends the self-administration proceedings (protective shield proceedings) that have been ongoing since April 2020 by means of an insolvency plan and is once again fully operationally capable of acting and competing. The creditors unanimously approved the insolvency plan submitted by the self-administration on 11 May 2021. Today also secures [...]

"There is usually room for manoeuvre somewhere" published in Textile Economy

Textilwirtschaft 2021/Hagen Seidel: No insolvency administrator is involved in as many proceedings with fashion companies as Christian Gerloff. How does the man work who should be in the spotlight especially in shutdown times - but likes to avoid the public? Christian Gerloff had never had anything to do with swimwear professionally up to that point. But sometime in 2006, the insolvency of the ailing manufacturer Ariella Bademoden became the first fashion case of the young lawyer from Halle an [...]

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