Insolvency of a person: chance and new beginning?

Insolvency – Insolvency reveals the insolvency or threatened insolvency of a person. Visit home page. One speaks of insolvency when the debtor cannot meet 90% of his obligations within 4 weeks. If this is the case, insolvency proceedings are opened. In these proceedings, the debtor’s assets are liquidated by an insolvency administrator and the proceeds are distributed to the creditors.

Insolvency at a glance: Chance for a fresh start

• Reveals insolvency of a person
• Debtor cannot fulfil 90% of his obligations within 4 weeks
• In insolvency proceedings, the debtor’s assets are realised and the proceeds distributed to the creditors.

Back to the wiki: Real Estate