{"id":5904,"date":"2022-06-20T18:10:48","date_gmt":"2022-06-20T16:10:48","guid":{"rendered":"https:\/\/www.consultingcheck.com\/topics\/what-constitutes-insolvency\/5904"},"modified":"2022-12-20T09:00:01","modified_gmt":"2022-12-20T08:00:01","slug":"what-constitutes-insolvency","status":"publish","type":"jask_topic","link":"https:\/\/www.consultingcheck.com\/en\/topics\/what-constitutes-insolvency\/5904\/","title":{"rendered":"When an insolvency event occurs"},"content":{"rendered":"\n

As a common rule of thumb, your company is considered insolvent if it can no longer settle at least 90% of its liabilities within the agreed payment periods or cannot meet this condition again within 3 weeks. Note, however, that any new amounts falling due in the meantime must be included in the consideration.<\/p>\n\n\n\n

A company is also insolvent in the case of over-indebtedness, namely if the sum of all assets and expected payments cannot fully cover the company’s liabilities. In this case, managing directors must file for creditor protection<\/a>. Please, refer to the respective national legal requirements.<\/p>\n\n\n\n

In each country, local law should be applied.<\/p>\n","protected":false},"featured_media":0,"parent":5903,"menu_order":36500,"template":"","meta":{"_links_to":"","_links_to_target":""},"jask_topic_categories":[1023],"class_list":["post-5904","jask_topic","type-jask_topic","status-publish","hentry","jask_topic_categories-insolvenztatbestand-en"],"yoast_head":"\nWhen is there an insolvency event?- consultingcheck<\/title>\n<meta name=\"description\" content=\"A company is considered insolvent if 90% of its liabilities cannot be settled within the payment period. 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