Initiation ofWhen insolvency procedures overare initiated relating to the assets of a contracting party, these severely limit the creditor’s rights of creditors. There is an impending risk of losing existing claims, because these tend to be satisfied only with a reduced quotashare in the course of insolvency proceedings.
By acting fast and capably, we support our clients as creditors in enforcing existing claims at the best possible rate, to realise existing securities in the course of insolvency proceedings and to repel claims of the insolvency administrator.
In the course of insolvency proceedings, we are regularly dealingdeal with queries regarding the complete and timely filing of insolvency claims with the insolvency schedule, enforcement of preferential claims, realisation of insolvency-proof securities, realisationrealization of rights of segregation and separation, utilisation agreements with the insolvency administrator in case of existing separation rights (for example private sale of real property encumbered with land charges in favour of our clients;; agreement on so called “cold” sequestration) and defence against claims of the insolvency administrator (i.e. revocatory actions pursuant to sec. 129 ff. German Insolvency Act).