Insolvency consulting does not start after insolvency proceedings have already been formally opened or rejected due to insufficient assets that would cover the cost of such proceedings. Instead it starts much earlier. After all, insolvency does not occur suddenly.
Most of the time it becomes evident over a long period of time during which it may still be averted, provided the signs of a crisis are recognized in due time and appropriate countermeasures are taken. However, such an economic crisis is associated with a number of risks, and companies, its shareholders, and bodies as well as creditors will require legal council to address these risks.