Restructuring
Every mandate starts with a signal.
Administrators, restructuring advisors and distressed investors use Cernavio to see new proceedings, StaRUG cases and early crisis indicators in one feed: scored, explained, with decision-maker contact.
Where sales fails in this industry
The register is fast, you must be faster
Searching insolvenzbekanntmachungen.de manually every day is grunt work in the most unwieldy format the judiciary offers. See the relevant case two days late and you are out.
Early indicators are scattered
Management changes in the register, site closures in the press, seat relocations, delayed filings: the patterns are known, but nobody connects them.
Winning mandates is a race
With creditors, shareholders and managing directors, whoever calls first with substance wins. Without a system, chance decides.
This is what your morning looks like
Four real signal types, curated by cernaFeed for this industry. All companies fictional, the patterns are not.
Preliminary administration ordered: Metallbau Krueger GmbH & Co. KG, 140 employees
Hanover court, 907 IN 88/26 · continuation intended · creditors' committee forming
insolvenzbekanntmachungen.de · 12 min ago
Nordfrost Logistik GmbH: second management change in 8 months plus seat relocation
Register changes 29 Jun and 1 Jul 2026 · typical crisis pattern · revenue ~EUR 35M
Commercial register / cernaMoves · 1 h ago
Distressed sale: automotive supplier, revenue EUR 22M, East Westphalia region
Structured process underway · information memorandum available · window for bidders open
nexxt-change / press · 3 h ago
StaRUG case: fashion retail chain with 11 stores files for restructuring
Restructuring court Hamburg · negotiations with landlords ongoing · advisors not yet mandated
Press / cernaMoves · 5 h ago
Five signal worlds, weighted for your market
Not every source is worth the same in every industry. This is how Cernavio weights the five signal worlds for this profile.
New proceedings, preliminary administration, StaRUG, forced sales
Distressed sales, asset deals from insolvency
Register patterns, crisis news, leadership changes
Creditors and affected parties on your website
Public mandates and advisory tenders
Three paths from feed to revenue
With the managing director before the filing
Signal
cernaMoves detects a crisis pattern: two management changes in eight months, seat relocation, negative press.
Action
The restructuring advisor contacts management with a concrete assessment before any filing is on the table.
Result
An advisory mandate for out-of-court restructuring, months before the case becomes public.
Day one with the preliminary administrator
Signal
A proceeding with 140 employees and intended continuation appears in the feed, 12 minutes after publication.
Action
The distressed investor registers interest with the preliminary administrator, proof of funds attached.
Result
A place on the shortlist for the asset deal before the process is widely marketed.
The creditor who is already reading
Signal
cernaTrace identifies a regional bank repeatedly reading your pages on creditor rights and proceedings.
Action
The firm reaches out with an offer to discuss ongoing exposures in the region.
Result
A new bank relationship that refers administrator and expert mandates going forward.
The market in three numbers
~24,000
corporate insolvencies in 2025, the highest level in a decade
Destatis
1,400+
insolvencies of partnerships and corporations per month, trend persistently high
IWH insolvency trend
4M+
companies in the commercial register whose changes Cernavio reads as early indicators
Commercial register
Sources: Federal Statistical Office (Destatis), IWH insolvency trend, commercial register. Figures rounded.
Frequently asked questions
Cernavio checks official publications continuously. New proceedings typically appear in the feed within minutes of publication, scored against your profile: industry, size class, court, region.
Register patterns such as clustered management changes, seat relocations and capital measures, plus crisis news, site closures, short-time work and unusual filing signals. The combination of several weak signals produces the score.
Yes. You define a profile (e.g. manufacturing, 50 to 500 employees, northern Germany) and the feed prioritizes accordingly. Several profiles in parallel are possible, for example per partner or practice group.
Cernavio processes public sources only: official publications, registers, press. Approaching companies in a B2B context on this basis is established practice; hosting is in Europe, GDPR-compliant.
See your feed before everyone sees it
In the demo we build your profile live: less than 5 minutes to the first feed, setup in one day.