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German Pellets bankruptcy plan rejected

March 9, 2016 - The bankruptcy protection plan recently filed by German Pellets (GP) has been rejected by a court in Germany, which has ruled in favour of a conventional bankruptcy instead, according to a recent article by Handelsblatt.


March 9, 2016
By Andrew Snook


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It states that the insolvency court in Schwerin in northern Germany turned down GP’s plan to self-manage the bankruptcy process, where company founder Peter Leibold would stay on as the head of the company with an insolvency administrator “monitoring progress in the talks with bondholders.”

To read more about the story, click here.


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