On May 16, 2024, the Duisburg District Court approved the insolvency application of Wilhelm Wißmann GmbH from Schermbeck and ordered provisional self-administration. GÖRG partners Holger Rhode and Dr. Raul I. Taras were appointed to the company's management board to support management and be responsible for the reorganization as restructuring managing directors (CIO).

The aim of the self-administration procedure is to restructure Wilhelm Wißmann GmbH sustainably and thus make it fully economically viable again. All jobs of the approximately 70 employees are to be retained. Production will continue seamlessly during the procedure. In addition, salaries are initially secured for a period of three months through insolvency money.

Wilhelm Wißmann GmbH is a supplier to the rail vehicle industry in a niche growth market in Europe in the interior design for rail vehicles division. Specifically, it manufactures floors, partition walls, ceiling elements, air conditioning ducts, entry furniture and furniture for catering for rail vehicles. This market is occupied by a few other competitors in Germany. The applicant's customers include Siemens, DB, Stadler, Alstom and RCS.

A GÖRG team led by the restructuring and reorganization experts Holger Rhode and Dr. Raul I. Taras will work with the supplier's operational management to develop a restructuring plan. Thomas Montag from the management consultancy MONTAG&MONTAG will complement the management as CRO. Attorney Sarah Wolf from Anchor Rechtsanwaltsgesellschaft mbH was appointed as provisional administrator by the Duisburg District Court. Wolf will assume judicial supervision of the restructuring process in order to protect the interests of the creditors.

Consultant Wilhelm Wißmann GmbH

GÖRG Partnerschaft von Rechtsanwälten mbB

Holger Rhode (Restructuring manager, partner, insolvency administration, Düsseldorf)

Dr. Raul I. Taras (Restructuring manager, partner, restructuring, Cologne)

MONTAG & MONTAG

Dipl. Kfm. Thomas Montag (Restructuring manager)

Administration

Anchor Rechtsanwaltsgesellschaft mbH 

Sarah Wolf