Insolvency Statute

Full text in format: HTML PDF

Übersetzung durch Ute Reusch

Translation provided by Ute Reusch


Part One General Provisions
Section 1Objectives of the Insolvency Proceedings
Section 2Jurisdiction of the Local Court as Insolvency Court
Section 3Local Jurisdiction
Section 4Applicability of the Code of Civil Procedure (Zivilprozessordnung)
Section 4aDeferment of the Costs of the Insolvency Proceedings
Section 4bRepayment and Adjustment of Deferred Amounts
Section 4cRescission of Deferment
Section 4dLegal Recourse
Section 5Principles of the Insolvency Proceedings
Section 6Immediate Appeal
Section 7Appeal on Points of Law
Section 8Service
Section 9Publication
Section 10Hearing of the Debtor
Part Two Opening of the Insolvency Proceedings.
Involved Assets and Parties
Chapter One Prerequisites of Opening and Opening Proceedings
Section 11Admissibility of Insolvency Proceedings
Section 12Corporations under Public Law
Section 13Request to Open Insolvency Proceedings
Section 14Request by the Creditor
Section 15Entitlement to Request the Opening of Insolvency Proceedings for the Assets Owned by Corporations and for the Assets Owned by Companies without Legal PersonalitySection 15 Entitlement to Request the Opening of InsolvencyProceedings for the Assets Owned by Corporations and for the Assets Owned by Companies without Legal PersonalitySection 15 Entitlement to Request the Opening of Insolvency Proceedings for the Assets Owned by Corporationsand for the Assets Owned by Companies without Legal Personality
Section 15aObligation to Request the Opening of Insolvency Proceedings for the Assets Owned by Corporations and for the Assets Owned by Companies without Legal PersonalitySection 15a Obligation to Request the Opening of InsolvencyProceedings for the Assets Owned by Corporations and for the Assets Owned by Companies without Legal PersonalitySection 15a Obligation to Request the Opening of Insolvency Proceedings for the Assets Owned by Corporationsand for the Assets Owned by Companies without Legal Personality
Section 16Reason to Open Insolvency Proceedings
Section 17Illiquidity
Section 18Imminent Illiquidity
Section 19Overindebtedness
Section 20Obligation of Disclosure and Cooperation During the Opening Proceedings. Reference to Discharge of Residual DebtSection 20 Obligation of Disclosure and Cooperation During the Opening Proceedings.Reference to Discharge of Residual Debt
Section 21Decisions Ordering Preservation Measures
Section 22Legal Status of the Temporary Insolvency Administrator
Section 23Publication of Restriction on Property Transfers
Section 24Effects of Restrictions on Property Transfers
Section 25Repeal of Preservation Measures
Section 26Refusal for Insufficiency of Assets
Section 27Order Opening the Insolvency Proceedings
Section 28Requirements Incumbent on the Creditors and Debtors
Section 29Docketing of Meetings
Section 30Publication of the Order Opening the Insolvency Proceedings
Section 31Commercial Register, Register of Cooperatives, Register of Partnerships and Register of Associations
Section 32Land Register
Section 33Ship/Aircraft Register
Section 34Appeal
Chapter Two Insolvency Estate. Classification of Creditors
Section 35Definition of the Insolvency Estate
Section 36Objects not Subject to Attachment
Section 37Joint Marital Property of a Community
Section 38Definition of the Insolvency Creditors
Section 39Lower-ranking Insolvency Creditors
Section 40Claims to Maintenance
Section 41Immature Claims
Section 42Claims Subject to a Resolutory Condition
Section 43Liability Incumbent on Several Persons
Section 44Rights of Obligors Liable Jointly
Section 44aSecured Loans
Section 45Conversion of Claims
Section 46Recurring Payments
Section 47Right to Separation
Section 48Right to Separation Extending to the Consideration Received as a Substitute for the Object of SeparationSection 48 Right to Separation Extending to the ConsiderationReceived as a Substitute for the Object of Separation
Section 49Separate Satisfaction from Immovables
Section 50Separate Satisfaction of Pledgees
Section 51Other Creditors with a Claim to Separate Satisfaction
Section 52Elimination of Creditors with a Right to Separate Satisfaction
Section 53Preferential Creditors
Section 54Costs of the Insolvency Proceedings
Section 55Other Debts Incumbent on the Estate
Chapter Three Insolvency Administrator. Bodies Representing the Creditors
Section 56Appointment of an Insolvency Administrator
Section 57Election of a Different Insolvency Administrator
Section 58Supervision by the Insolvency Court
Section 59Dismissal of the Insolvency Administrator
Section 60Liability of the Insolvency Administrator
Section 61Non-performance of Debts Incumbent on the Estate
Section 62Period of Limitation
Section 63Remuneration of the Insolvency Administrator
Section 64Determination by the Insolvency Court
Section 65Empowerment to Issue an Order
Section 66Rendering of Accounts
Section 67Establishment of the Creditors' Committee
Section 68Election of Different Members
Section 69Duties Incumbent on the Creditors' Committee
Section 70Dismissal
Section 71Liability of the Members of the Creditors' Committee
Section 72Decisions of the Creditors' Committee
Section 73Remuneration of the Members of the Creditors' Committee
Section 74Convening the Creditors' Assembly
Section 75Request to Convene a Creditors' Assembly
Section 76Decisions of the Creditors' Assembly
Section 77Determination of Voting Right
Section 78Repeal of a Decision taken by the Creditors' Assembly
Section 79Information to the Creditors' Assembly
Part Three Effects of the Opening of Insolvency Proceedings
Chapter One General Effects
Section 80Right to Manage and Transfer the Insolvency Estate Vested in the Insolvency AdministratorSection 80 Right to Manage and Transfer the Insolvency EstateVested in the Insolvency Administrator
Section 81Transfers of Property by the Debtor
Section 82Performance in Favour of the Debtor
Section 83Decedent's Estate. Continued Community
Section 84Liquidation of a Company or a Community
Section 85Joinder of Pending Actions as Plaintiff
Section 86Joinder of Certain Pending Actions as Defendant
Section 87Claims held by the Insolvency Creditors
Section 88Execution prior to the Opening of Insolvency Proceedings
Section 89Prohibition of Execution
Section 90Prohibition of Execution under Debts Incumbent on the EstateSection 90 Prohibition of Execution under DebtsIncumbent on the Estate
Section 91Exclusion of other Acquisition of Rights
Section 92General Damage
Section 93Personal Liability of Partners
Section 94Preservation of the Right to Set Off a Claim
Section 95Acquisition of the Right to Set Off a Claim During the ProceedingsSection 95 Acquisition of the Right to Set Off a ClaimDuring the Proceedings
Section 96Prohibition of Set-Off
Section 97The Debtor's Obligation to Disclosure and Cooperation
Section 98Imposition of the Duties of the Debtor
Section 99Interception of the Debtor's Mail
Section 100Maintenance Payments using the Insolvency Estate
Section 101Members of the Body Representing the Debtor. Employees
Section 102Restriction of a Basic Right
Chapter Two Performance of Transactions. Cooperation of the Works Council
Section 103Option to be Exercised by the Insolvency Administrator
Section 104Fixed-date Transactions. Financial ServicesSection 104 Fixed-date Transactions.Financial Services
Section 105Severable Contracts
Section 106Priority Notice
Section 107Retention of Title
Section 108Continuity of Certain Continuous Obligations
Section 109Debtor's Status as Tenant or Lessee
Section 110Debtor's Status as Landlord or Lessor
Section 111Sale of Property Let by the Debtor
Section 112Prohibition to Terminate Tenancy or Lease Contracts
Section 113Termination of Employment
Section 114Emoluments from Employment
Section 115Expiry of Mandates
Section 116Expiry of Management Contracts
Section 117Expiry of Proxies
Section 118Liquidation of Companies
Section 119Invalidity of Agreements Derogating from the Foregoing Provisions
Section 120Termination of Plant Agreements
Section 121Modifications to the Enterprise and Conciliatory Proceedings
Section 122Judicial Approval of a Modification of the Enterprise
Section 123Scope of the Social Plan
Section 124Social Plan Established Prior to the Opening of Insolvency Proceedings
Section 125Reconciliation of Interests and Dismissals Protection
Section 126Judicial Orders Deciding on Dismissal Protection
Section 127Action brought by an Employee
Section 128Sale of Enterprise
Chapter Three Contest of Debtor's Transactions in Insolvency Proceedings
Section 129Policy
Section 130Congruent Coverage
Section 131Incongruent Coverage
Section 132Transactions Immediately Disadvantaging the Insolvency Creditors
Section 133Wilful Disadvantage
Section 134Gratuitous Benefit
Section 135Loans Replacing Equity Capital
Section 136Silent Partnership
Section 137Payments on Bills of Exchange and Cheques
Section 138Persons with a Close Relationship to the Debtor
Section 139Calculation of Time Periods Prior to the Request to Open Insolvency Proceedings
Section 140Date of Performance of Transaction
Section 141Executable Deed
Section 142Cash Transactions
Section 143Legal Consequences
Section 144Claims of the Party to the Contested Transaction
Section 145Transactions Contested and Enforced against Legal Successors
Section 146Limitation of the Right to Contest
Section 147Transactions Carried out Subsequent to the Opening of Insolvency Proceedings
Part Four Management and Disposition of the Insolvency Estate
Chapter One Preservation of the Insolvency Estate
Section 148Transfer of the Insolvency Estate
Section 149Objects of Value
Section 150Sealing
Section 151Record of the Insolvency Estate
Section 152Record of Creditors
Section 153Survey of Property
Section 154Deposit with the Registry of the Insolvency Court
Section 155Accounting under Commercial and Fiscal Laws
Chapter Two Decision on Disposition
Section 156Report Meeting
Section 157Decision on the Further Proceedings
Section 158Measures taken prior to the Decision
Section 159Disposition of the Insolvency Estate
Section 160Transactions of Particular Importance
Section 161Provisional Prohibition of the Transaction
Section 162Sale of Enterprise to Persons with Specific Interests
Section 163Sale of Enterprise below Value
Section 164Legal Validity of the Transaction
Section 165Disposition of Immovables
Section 166Disposition of Movables
Section 167Notification of the Creditor
Section 168Notification of Envisaged Sale
Section 169Protection of the Creditor Against Delayed Disposition
Section 170Distribution of Proceeds
Section 171Calculation of the Contribution to Costs
Section 172Other Use of Movables
Section 173Disposition by the Creditor
Part Five Satisfaction of the Insolvency Creditors. Discontinuation of the Proceedings
Chapter One Determination of Claims
Section 174Filing of Claims
Section 175Schedule
Section 176Proceedings of the Verification Meeting
Section 177Subsequent Filings
Section 178Prerequisites and Effects of the Determination of Claims
Section 179Contested Claims
Section 180Competence for the Determination of Claims
Section 181Scope of Determination
Section 182Value of Action
Section 183Effect of the Decision
Section 184Action to Enforce a Claim Contested by the Debtor
Section 185Special Jurisdiction
Section 186Restitutio in Integrum
Chapter Two Distribution
Section 187Satisfaction of the Insolvency Creditors
Section 188Distribution Record
Section 189Consideration of Contested Claims
Section 190Consideration of Creditors with a Right to Separate Satisfaction
Section 191Consideration of Claims Subject to a Condition Precedent
Section 192Subsequent Consideration
Section 193Amendments to the Distribution Record
Section 194Objections to the Distribution Record
Section 195Determination of a Fraction
Section 196Final Distribution
Section 197Final Meeting
Section 198Deposit of Retained Funds
Section 199Surplus Resulting from Final Distribution
Section 200Termination of the Insolvency Proceedings
Section 201Rights of the Insolvency Creditors Subsequent to TerminationSection 201 Rights of the Insolvency CreditorsSubsequent to Termination
Section 202Jurisdiction for Execution
Section 203Order to Carry Out Delayed Distribution
Section 204Appeal
Section 205Implementation of Delayed Distribution
Section 206Exclusion of Preferential Creditors
Chapter Three Discontinuation of Insolvency Proceedings
Section 207Discontinuation for Insufficiency of Assets
Section 208Notification of Insufficiency of Assets
Section 209Satisfaction of Preferential Creditors
Section 210Prohibition of Execution
Section 211Discontinuation upon Notification of Insufficiency of Assets
Section 212Discontinuation for Subsequent Lack of Grounds to Open Insolvency ProceedingsSection 212 Discontinuation for Subsequent Lack of Grounds toOpen Insolvency Proceedings
Section 213Discontinuation with the Creditors' Consent
Section 214Discontinuation Procedure
Section 215Publication and Legal Effects of Discontinuation
Section 216Appeal
Part Six Insolvency Plan
Chapter One Establishment of the Plan
Section 217Policy
Section 218Submission of the Insolvency Plan
Section 219Breakdown of the Plan
Section 220Declaratory Part
Section 221Constructive Part
Section 222Formation of Groups
Section 223Rights of Creditors Entitled to Separate Satisfaction
Section 224Rights of the Insolvency Creditors
Section 225Rights of Lower-ranking Insolvency Creditors
Section 226Equal Treatment of Parties Involved
Section 227Debtor's Liability
Section 228Modification of Conditions under Property Law
Section 229Survey of Assets. Earnings and Finance Plan
Section 230Further Attachments
Section 231Refusal of the Plan
Section 232Comments on the Plan
Section 233Suspension of Disposition and Distribution
Section 234Laying Out of the Plan
Chapter Two Acceptance and Confirmation of the Plan
Section 235Discussion and Voting Meeting
Section 236Coincidence with the Verification Meeting
Section 237Voting Right of the Insolvency Creditors
Section 238Voting Right of Creditors Entitled to Separate Satisfaction
Section 239Voting List
Section 240Modification of the Plan
Section 241Separate Voting Meeting
Section 242Voting in Writing
Section 243Voting by Groups
Section 244Necessary Majorities
Section 245Prohibition to Obstruct
Section 246Consent of Lower-ranking Creditors of the Insolvency Proceedings
Section 247Debtor's Consent
Section 248Confirmation by the Court
Section 249Conditioned Plan
Section 250Contravention of Procedural Provisions
Section 251Protection of Minorities
Section 252Publication of Decision
Section 253Appeal
Chapter Three Effects of the Confirmed Plan. Monitoring Implementation of the Plan
Section 254General Effects of the Plan
Section 255Proviso of Revival
Section 256Contested Claims. Remaining Claims
Section 257Execution under the Plan
Section 258Termination of the Insolvency Proceedings
Section 259Effects of Termination
Section 260Monitoring Implementation of the Plan
Section 261Tasks and Rights of the Insolvency Administrator
Section 262Obligation to Disclosure Incumbent on the Insolvency Administrator
Section 263Transactions Requiring Consent
Section 264Loan Ceiling
Section 265Lower-ranking Status of New Creditors
Section 266Consideration of Lower-ranking Status
Section 267Publication of Monitoring
Section 268Termination of Monitoring
Section 269Costs of Monitoring
Part Seven Personal Management
Section 270Prerequisites
Section 271Subsequent Order
Section 272Repeal of the Order
Section 273Publication
Section 274Legal Status of the Custodian
Section 275Consent of the Custodian
Section 276Consent of the Creditors' Committee
Section 277Ordering the Requirement of Consent
Section 278Funds for the Debtor's Livelihood
Section 279Mutual Contracts
Section 280Liability. Contest of the Debtor's Transactions in Insolvency ProceedingsSection 280 Liability. Contest of the Debtor's Transactionsin Insolvency Proceedings
Section 281Notification of Creditors
Section 282Disposition of Securities
Section 283Satisfaction of the Insolvency Creditors
Section 284Insolvency Plan
Section 285Insufficiency of Assets
Part Eight Discharge of Residual Debt
Section 286Policy
Section 287Debtor's Request
Section 288Right of Proposal
Section 289Decision by the Insolvency Court
Section 290Refusal of Discharge of Residual Debt
Section 291Notification of Discharge of Residual Debt
Section 292Legal Status of Trustee
Section 293Trustee' s Remuneration
Section 294Equal Treatment of Creditors
Section 295Obligations of the Debtor
Section 296Contravention of Obligations
Section 297Insolvency Offences
Section 298Coverage of the Trustee's Minimum Remuneration
Section 299Expiry before Date
Section 300Decision on Discharge of Residual Debt
Section 301Effect of Discharge of Residual Debt
Section 302Excepted Claims
Section 303Retraction of Discharge of Residual Debt
Part Nine Consumer Insolvency Proceedings and Other Minor Proceedings
Chapter One Scope of Application
Section 304Policy
Chapter Two Plan for the Settlement of Debts
Section 305Debtor's Request to open Insolvency Proceedings
Section 305a
Failure of Out-of-Court Debt Settlement
Section 306Suspension of Proceedings
Section 307Service on the Creditors
Section 308Acceptance of the Plan for the Settlement of Debts
Section 309Replacement of Approval
Section 310Costs
Chapter Three Simplified Insolvency Proceedings
Section 311Initiation of the Proceedings concerning Opening of the Insolvency Proceedings
Section 312General Procedural Simplifications
Section 313Trustee
Section 314Simplified Distribution
Part Ten Special Types of Insolvency Proceeding
Chapter One Insolvency Proceedings of a Decedent's Estate
Section 315Local Jurisdiction
Section 316Admissibility of the Opening of Insolvency Proceedings
Section 317Persons Entitled to Request the Opening of Proceedings
Section 318Entitlement to make a Request for the Joint Marital Property
Section 319Request Deadline
Section 320Reasons for Opening
Section 321Execution following Succession
Section 322Contestable Transactions on the Part of the Heir
Section 323The Heir's Expenses
Section 324Debts Incumbent on the Estate
Section 325Obligations Incumbent on the Estate
Section 326The Heir's Claims
Section 327Lower-ranking Obligations
Section 328Restituted Objects
Section 329Revisionary Succession
Section 330Purchase of a Decedent's Estate
Section 331Simultaneous Insolvency of the Heir
Chapter Two Insolvency Proceedings relating to the Joint Marital Property of a Continued Community
Section 332Referral to Insolvency Proceedings opened for an Estate
Chapter Three Insolvency Proceedings relating to the Jointly Administered Marital Property of a Community
Section 333Right to file a Request. Grounds for Opening Proceedings
Section 334Personal Liability of the Spouses
Part Eleven International Insolvency Law
Chapter One General Provisions
Section 335Policy
Section 336Contract on an Immovable
Section 337Employment
Section 338Set-off
Section 339Contest of Transactions in Insolvency Proceedings
Section 340Organized Markets. Pension Transactions
Section 341Exercising Creditor Rights
Section 342Return. Imputation
Chapter Two Foreign Insolvency Proceedings
Section 343Recognition
Section 344Preservation Measures
Section 345Publication
Section 346Land Register
Section 347Proof of Appointment of the Administrator. Notification of the Court
Section 348Insolvency Court with Jurisdiction
Section 349Disposal of Immovables
Section 350Performance in Favour of the Debtor
Section 351Rights in Rem
Section 352Interruption and Joinder of an Action
Section 353Enforceability of Foreign Judgements
Chapter Three Territorial Insolvency Proceedings relating to Domestic Assets
Section 354Preconditions for Territorial Insolvency Proceedings
Section 356Secondary Insolvency Proceedings
Section 357Cooperation between the Insolvency Administrators
Section 358Surplus Resulting from Final Distribution
Part Twelve Entry into Force
Section 359Referral to Introductory Act

zum Seitenanfang

Datenschutz