Insolvency of the relay relay: rescue for all seven locations?

Insolvency of the relay relay: rescue for all seven locations?

In a dramatic turning point for the Autohaus Staffel Group from Hildburghausen, Thuringia, the provisional insolvency administration was ordered on October 28, 2024! The five companies that run a total of seven car dealerships in Thuringia and Bavaria are fighting with considerable liquidity problems. This situation is not only alarming for the 165 employees, but also shocked the entire region, which is dependent on the car dealerships!

The insolvency administrators of Pluta Rechtsanwalts GmbH and FRH lawyers have already initiated measures to maintain business at all locations - including Hildburghausen, Sonneberg and Coburg. "We got an overview in a very short time and had discussions with suppliers and manufacturers," explains Sebastian Laboga, lawyer at Pluta. The salaries of the employees are secured by the bankruptcy money for the coming months, which is a little ray of hope in this difficult time.

causes of bankruptcy and possible rescue strategies

The bankruptcy is primarily due to the current recession in Germany and the resulting purchase of buying the purchase in new and used cars. Managing Director Manfred Staffel admits that his company has never been confronted with such great difficulties since its foundation in 1990. "We hope for a rescue of our group," he says. The insolvency administrators are now examining various renovation options to save the company. An overall solution for the group or individual solutions for the individual locations could be in prospect.

The preliminary insolvency administrators and the entire team work closely together to analyze all options for restoring financial stability. "Everyone involved supports the continuation of business at all locations," assures Dirk Götze from the law firm FRH Rechtsanwälte. The coming weeks will be decisive to determine the fate of these car dealerships!