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Insolvency Proceedings in Germany (DR)
For the first time in nearly a decade, insolvencies are expected to rise in Germany. Meanwhile, significant changes to German insolvency law are taking place over the next two years. Are you now or are you planning to do business in the country? Get the information you need to help protect your company better. Hear from an in-country attorney about the ins and outs of what occurs before, during and after an insolvency occurs in Germany. In addition to upcoming legal changes, this webinar will include a basic run through of German insolvency procedures for different types of insolvency. It will provide helpful hints and tips for filling out claim forms and how to make a claim in the case of insolvency of a limited company or sole trader. Topics include: • The responsibilities of creditors when debtors file. • How assets of an insolvent company are distributed. • What, if any, options outside of insolvency offer relief to debtors similar to Chapter 11 in the United States. • Whether creditors can force an involuntary insolvency on a debtor. Join Lutz Paschen, of Paschen Rechtsanwälte PartGmbB, as he provides a step-by-step look at what happens and gain a basic understanding of what to expect.
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