The government is making TOA credits available to entrepreneurs who want to restart under the WHOA. Under the WHOA, as of January 1, a restructuring of debts can take place by means of a compulsory settlement. The TOA credit also provides for new working capital and subordinated capital. In addition, the costs of a WHOA procedure can be reimbursed up to EUR 35,000. The TOA scheme will go into effect on June 1. See also
The schemes are intended to prevent bankruptcies. The balance sheet will be cleaned up to enable a healthy restart after Corona. Entrepreneurs, make use of these schemes!’