{"id":15996,"date":"2020-11-24T12:24:45","date_gmt":"2020-11-24T11:24:45","guid":{"rendered":"https:\/\/fiala.de\/insolvency-law\/"},"modified":"2024-10-24T16:22:58","modified_gmt":"2024-10-24T14:22:58","slug":"insolvency-law","status":"publish","type":"page","link":"https:\/\/www.fiala.de\/en\/fields-of-law\/insolvency-law\/","title":{"rendered":"Insolvency law"},"content":{"rendered":"\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

Insolvency is rarely a disgrace<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Insolvencies of large and small companies are almost part of the daily news agenda. Terms likeinsolvency practitioner<\/strong>, reorganization<\/strong>, creditor<\/strong> or insolvency proceedings<\/strong> are familiar to everyone. However, we know from practice in our firm that very few people are aware of the exact meaning of a insolvency<\/strong> or insolvency proceeding<\/strong>. The general view is that insolvency always means the end of a business<\/strong> or private existence<\/strong>. The opportunities<\/strong> to recognize a threatening insolvency<\/strong> as such and to proactively<\/strong> react are often misjudged here. The term has too negative an connotation, especially in German-speaking countries. Therefore, it should be clarified at this point what insolvency means in the first place.<\/p>\n

Basically, insolvency is a threatening<\/strong> or already real insolvency<\/strong> of a business or individual. This means that financial obligations<\/strong> can either already or in the foreseeable future no longer be met from own resources or that there is overindebtedness<\/strong>. If this case has occurred, it is advisable for both entrepreneurs<\/strong> and private individuals<\/strong> to file a petition for insolvency with the respective insolvency court<\/strong>. It is advisable to seek legal help<\/strong> and advice in good time<\/strong> in order to avoid omissions<\/strong> and any suspicion of delay<\/strong>. An insolvency always offers a chance<\/strong> for a orderly new start<\/strong> and should always be accompanied in a planned and systematic manner.<\/p>\n

Basically, the insolvency law in Germany<\/strong> aims to support the insolvent debtor<\/strong> in reorganising his company or the private financial livelihood<\/strong> of individuals and, as it were, to meet the demands of the various debtors<\/strong>.<\/p>\n

In the event of insolvency<\/strong>, it is therefore important to keep a clear head and act prudently. In both business and personal insolvencies<\/strong>, it is necessary to clarify which reorganization measures<\/strong> are appropriate and whether tax measures<\/strong> would contribute to the reorganization.<\/p>\n

In the event of a liquidation,<\/strong>also liquidation,<\/strong> the Fiala law firm will settle all claims against creditors for you and represent you in court.<\/p>\n

In addition, we advise our clients on all relevant issues relating to corporate and private insolvencies. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t

For our clients we are active to:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t