Renovation

Insolvency procedures

Advantages and disadvantages
In case of an insolvency the power of control gets lost, in the company history and the reputation of the enterprise management is intervened seriously, and a relatively expensive insolvency governor who only must get used to the work, besides, in the enterprise and in the branch steps to the place of the old management. If the other renovation options of the InsO are an advantage, however, beside the reliefs pertaining to labour law, in particular the absolute utilisation stop, the payment and interest stop, the possibility of the claim of insolvency money, the abolition more unfavorably of floating contracts and the possibility to put through an insolvency plan with the help of the court and strategical religious group education. Besides, at insolvenzantragspflichtigen enterprises the not unimportant punishability and liability dangers of the managers involved in the crisis coping, companions, advisers and loan institutes decrease.