Montag, 26.04.2021
Insolvency law in times of pandemic
from
Eckhard FinkeLawyer
Specialist in insolvency and reorganization law
Steuerberater
Give me a call: 0261 - 404 99 761
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Some obligations to file for insolvency had been suspended in recent months. This was gradually withdrawn. We trace the development so far.
Since January 1, 2021, the deadlines for the discharge of residual debt have also been shortened. The corresponding bill had initially not been processed due to Covid, but then came into force after all.
This shortens the residual debt discharge period to three years. It is also made easier to take action during this period.
In the corporate sector, reorganization has been made easier, whereby the term "insolvency" is avoided and the term "restructuring" is now used.
The statements represent initial information that was current for the law applicable in Germany at the time of initial publication. The legal situation may have changed since then. Furthermore, the information provided cannot replace individual advice on a specific matter. Please contact us for this purpose.