Kanzlei Verbracken & Partner

Corporate insolvency: we guide you through the crisis.

Your business is under pressure and you are unsure what comes next? We are here to support you. Together with the appropriate lawyers and tax advisers, we assess how to stabilise the business, which recovery options are available and how to limit your personal exposure.

From the first urgent measures to putting your strategy into practice, we keep the whole picture in view: your business, your personal responsibilities and your financial future.

YOUR BUSINESS AND YOUR PERSONAL FUTURE

Your business. Your future. Our clear plan.

We assess how your business can be preserved and guide you through the next steps. From the outset, we keep your personal exposure and a possible fresh start in view.

Assess the crisis and urgent action

Liquidity · deadlines · continuity · personal liability

PRESERVE THE BUSINESS

Restructuring before insolvency

Assess creditor settlements and StaRUG where the legal conditions are met.

PRESERVE THE BUSINESS

Recovery within insolvency proceedings

Assess ordinary proceedings, an insolvency plan or debtor-in-possession administration.

ASSESS PERSONAL EXPOSURE

Keep your liability in focus

Review guarantees, tax debts and tort claims individually.

Enable viable business continuity

Assess options early. Any existing duty to file for insolvency still applies.

If needed: a personal fresh start

Assess EU insolvency for personal debts. COMI, claims and exceptions determine eligibility.

The solution that suits you depends on your actual circumstances and legal requirements. We assess your options and plan the next steps with you.

Your business is in crisis? We help you see the way forward.

Overdue invoices, creditor pressure and concern for your employees can leave you facing many difficult decisions at once. You do not have to face this alone. We listen, establish the urgent issues and plan your next steps with you.

Together with the appropriate lawyers and tax advisers, we assess liquidity, liabilities and the prospects for continuing your business. You gain clarity on the action needed now, the deadlines that matter and the options still available. Our first aim is to find a viable way to save your business.

Save your business - wherever possible without insolvency.

Early action may open a route to restructuring your debts and stabilising your business outside insolvency proceedings. With the responsible specialists, we assess whether a creditor settlement or restructuring under Germany’s StaRUG framework suits your circumstances. You need more than extra time to pay: you need a solution that allows the business to operate sustainably.

We connect your commercial goals with the legal requirements and guide the coordination of the next steps. A viable plan, appropriate funding and the debts covered all matter. Talk to us early so we can assess the recovery opportunities available to you.

We also keep your private debts in view. StaRUG addresses business restructuring; personal debt relief needs a separate strategy. Any existing duty to file for insolvency must be met promptly.

Company insolvency can still offer a way forward.

Company insolvency is a major turning point. But even where an out-of-court rescue is no longer possible, you do not have to make the next decisions without guidance. We support you through the crisis and develop a clear plan with the appropriate specialists.

Within ordinary insolvency proceedings, the options may include continuing the business, an insolvency plan or transferring viable parts of the company. If an orderly wind-down is necessary, we also consider its personal consequences for you. You have a point of contact who keeps the financial picture in view and coordinates the parties with you.

Debtor-in-possession administration: assess your recovery options with us.

Do you want to lead your business through the crisis and retain responsibility where possible? Debtor-in-possession administration may be a suitable recovery route if the statutory requirements are met. With the appropriate professionals, we assess eligibility and the preparation your business needs.

Where the court orders this procedure, the debtor manages the estate under a supervisor’s oversight. We guide financial planning and coordination with the specialists involved, turning unanswered questions into an orderly next step. Funding, procedural requirements and creditor interests are considered from the start.

We look after the whole picture: your business and your personal future.

Whether the issue is GmbH, UG, KG or AG insolvency, people stand behind every company and their financial future may also be affected. From the outset, we consider both levels: what can be achieved for the business, and what consequences may you face as a director, board member, shareholder or guarantor?

With the appropriate professionals, we assess personal guarantees, tax liability, damages claims and possible directors’ liability or piercing of the corporate veil. For a KG, we also consider your role as general or limited partner. Your strategy reflects your actual responsibilities and position.

Liability risks and criminal proceedings: we coordinate your strategy.

If allegations of delayed insolvency filing, bankruptcy offences or tax evasion arise, you need a coordinated response. We connect your financial position with the work of the responsible lawyers and tax advisers. Appropriately qualified lawyers handle criminal defence.

Deadlines, records, payment flows and possible personal claims are examined together. Filing duties and the rules on payments after insolvency are assessed early. Your debt-relief strategy and legal defence stay aligned. Debt relief does not replace criminal defence.

If personal debts remain, we plan your fresh start.

Even if your company cannot be saved, your personal financial future need not be lost. Where guarantees, liability claims or other private debts remain, we work with you on a separate personal debt-relief strategy.

We compare suitable options: a creditor settlement, German personal insolvency or an appropriate procedure in another EU country. EU insolvency may open new possibilities, especially for substantial personal debts. Irish bankruptcy normally permits discharge after one year; preparation, possible income contributions and asset administration may take longer.

With the appropriate professionals, we assess your genuine centre of main interests (COMI), international jurisdiction and each relevant claim, including tax debts and tort claims. The applicable law determines the debts covered and the exceptions. You receive a plan for a financial fresh start that reflects your circumstances.

Take the first step now - we will take it with you.

You do not need to know the right route before contacting us. That is what we are here to help you determine. In your free initial consultation, we discuss your business, your personal liability and the issues weighing on you most.

If available, bring current liquidity figures, a creditor overview, finance agreements, guarantees and claim letters. We establish your starting position and discuss useful next steps with you.

Do not wait for your options to narrow further. Contact us now. Existing filing and appeal deadlines must be met independently of the consultation date.

Sources and legal foundations

Legal foundations checked: 31 October 2026

Let’s discuss the next step for your business.

Tell us about your circumstances. We listen, identify the key issues and explain how we and the appropriate professionals can support you through this difficult period.

Our offices

Internationally accessible. Personally connected.

Cyprus

Georgiou Drosini 16, Apt 102
8021 Paphos
Cyprus+357 99052862

Ireland

Bracken Road 51
Sandyford Business Park
Dublin 18
D18 VC48
Ireland
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