Goals of personal bankruptcy

Goals of personal bankruptcy

Every honest person has the opportunity to protect themselves through the bankruptcy code Within 3 years upon payment of 35% of the liabilities and coverage of the procedural costs, Within 5 years if the costs of the insolvency proceedings are covered Or after six years at the latest (even without any payment) … Read more

CHANGES IN BANKRUPTCY LAW: BEWARE OF PERSONAL LIABILITY

CHANGES IN BANKRUPTCY LAW

For companies suffering from the Corona crisis, a number of relaxations have been made, including the obligation suspension to file for bankruptcy. However, managing directors should consider a few aspects. Germany is suffering from the effects of the Corona crisis. For companies, easements were quickly decided to ease the economic burden. The … Read more