Audits on final reports in insolvency procedures

Are you or your client involved in German insolvency procedures? As a creditor you may face a loss of your investment or debt?

From the perspective of the bankruptcy court the following points are important:

• Corresponds the final account to the generally accepted accounting principles?
• Were the payed out amounts by the liquidator correctly calculated and classified?
• To whom and what services have been outsourced?
• Was the calculation basis for the refund of the insolvency administrator calculated correctly?
• Were all assets completely used?

Only the legality of the decisions taken by the insolvency administrator are considered. The creditors association or yourself have to survey the economic efficiency of the measures. This is importatnt to know because in many cases there is no creditors association.

We offer our clients the graded exams, which are adapted to the information needs in such proceedings. After the first audit results we will give advice on the further course of the audit. Our work is always transparent for you and the decisions in your hands.