The insolvency proceedings serve not only the equal satisfaction of all creditors but also the restructuring and restructuring of the affected company. As a result, economic performance is to be secured or restored. At the same time, the legislator pursues the goal of permanently excluding over-indebted companies from participating in economic life, also in order to avoid damage to other companies – for example due to debt defaults. In this article, let’s take a look at the restructuring of companies, possible measures and their influence on the insolvency proceedings!

Insolvency proceedings can or must be initiated (§§ 14 to 15a InsO) in the event of imminent and occurring insolvency (§ 17 InsO) and in the event of over-indebtedness (§ 19 InsO). The aim of the proceedings is the equal satisfaction of all creditors, with which the insolvency court appoints the insolvency administrator (“procedure master”). This person