Insolvency: Keep your cool!

Insolvency is feared by all managing directors and board members. The path to insolvency is often gradual. As a result, managing directors and board members sometimes realize the development at a very late stage. In some cases, they even suppress the step of filing for creditor protection.

In this situation in particular, you need a clear head in order to examine alternatives that are actually still available. In Germany, beside a regular insolvency, insolvency proceedings in self-administration (ESUG) in accordance with section 270 a InsO or protective shield proceedings in accordance with section 270 b InsO are generally available. In other countries, similar models are available.


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