If a company is facing insolvency, the question is whether to restructure or liquidate the company. It is usually worth continuing and restructuring the company in the interests of all parties. A restructuring concept must be devised which takes equal account of the debtor and the creditors.
In the interest of the creditors, it is necessary to secure the assets and generate an insolvency estate with the aid of various instruments open to the insolvency administrator. Debtors have to win back the trust of the credit providers, business partners and their own employees.
If it does not make sense to continue the company on economic grounds, potential investors should be involved as early as possible.