"The achievement of the self-administration objective, in particular a targeted reorganisation, has proven to be futile," reports the Mönchengladbach Local Court. The insolvency administrator is Daniel Zumhasch. Companies or persons who have obligations towards the debtor are requested to pay these to the insolvency administrator rather than directly to the debtor. Timo Busch and Torsten Glatz had jointly managed BG Germany and its predecessor.