Lexicon

The “actio pauliana” allows a creditor to annul a debtor’s legal action, if it adversely also affects the creditor. This includes, for example, situations where […]

The word bankrupt can be used in several ways: It can indicate the bankruptcy of a company/person. One then says: “The company is bankrupt.” In […]

Bankruptcy is a state in which a debtor can find himself after bankruptcy has been filed by the debtor or creditors. In the event of […]

It is important for customers that if there is a malfunction with the supplier of a service or if there is a case of bankruptcy, […]

If a legal or a natural person can no longer meet its payment obligations, the court can declare bankruptcy. The court will then appoint a […]

Liquidation is the liquidation of the estate of a bankrupt. The liquidation of a company is the most important task of the bankruptcy trustee. The […]

A petition is a written request to a court with which a petition procedure is initiated. Difference from subpoena The petition must be distinguished from […]

A preferential creditor is a creditor who has a preferential claim on the debtor. This preferential claim means that in case of bankruptcy of the […]