BSH GmbH & Co. KG is the latest solar energy company in Germany to have filed for insolvency proceedings. The company, based in Bad Königshofen, filed the application with the Schweinfurt Local Court. The business will continue to operate while a restructuring solution is explored.
The court appointed lawyer Dr. Alexander Zarzitzky of Anchor Rechtsanwaltsgesellschaft mbH as the provisional insolvency administrator.
BSH cites over-indebtedness and ‘impending insolvency’, amid a ‘difficult’ general situation in the solar industry, as the reasons for the decision. It is now exploring a long-term restructuring strategy.
Established in 2009, BSH is in the business of sales, installation, and maintenance…