Bankruptcy for car dealership relay: rescue in sight for 165 employees?

Bankruptcy for car dealership relay: rescue in sight for 165 employees?

The car dealership season group from Thuringia is on the abyss! The Meiningen district court has ordered the provisional insolvency administration for the company based in Hildburghausen. Experts of Pluta Rechtsanwalts GmbH and the FRH lawyers are now used as preliminary insolvency administrators. This dramatic change affects five companies that operate car dealerships of the Opel, Ford and Mitsubishi brands in Thuringia and Bavaria. The group employs a total of 165 people, whose salaries are secured for the months of October to December through bankruptcy money. Despite the crisis, business operations continue at all seven locations!

causes of bankruptcy and managing director in shock

The bankruptcy is caused by acute liquidity bottlenecks that are due to declining sales. This development is the result of a general retention of purchase in Germany and the difficult conditions in the auto industry. Managing Director Manfred Staffel, who has been running the car dealership since 1990 and has continuously opened new locations in recent years, is concerned: "Our company does not have to master such a difficult Situation yet. We hope that a rescue of our group will succeed together with the insolvency administrators." The situation is tense and the future of the car family group is on the brink!

renovation plans and support from all sides

The insolvency administrators are already active and check various renovation options. Pluta lawyer Sebastian Laboga reports that in a short time you had talks with suppliers, car manufacturers and financing partners to ensure the continuation of the business operations. Dirk Götze from FRH Rechtsanwälte emphasizes the close cooperation in the coming weeks in order to precisely analyze all renovation opportunities. The goal? The maintenance of the car dealerships and the rescue of the jobs!