After a first review the insolvency administrator of German Pellets GmbH has come to the conclusion that no significant financial means are currently on hand with the aid of which the resumption of parts of the previous business operations could be financed. The stocks of finished goods, whose sale could generate liquidity, are low. The for some time now reduced and recently completely ceased production resulted in a reduction of the stocks at German Pellets already in the second half of 2015.
The insolvency administrator is therefore currently examining the possibilities regarding the procurement of external funds. However, it is unlikely that free collaterals at German Pellets will be available in order to secure…
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