Liquidation

Liquidation is a way of solving bankruptcy by virtue of the fact that, based on the liquidation decision, the established creditors' claims are in principle relatively satisfied from the proceeds of the liquidation of the assets and that the unsatisfied claims or their parts do not disappear. The insolvency court decides to declare liquidation either [...]
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Reorganization

Reorganization is a way of resolving the debtor's bankruptcy, in which the debtor can continue to conduct business, but only within the limits of the so-called reorganization plan, which primarily monitors the recovery of the debtor's business and the arrangement of mutual relations between the debtor and its creditors. Reorganization is only possible for entrepreneurs: [...]
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Debt relief

Debt relief (so-called personal bankruptcy) is a way of solving bankruptcy that increasingly reflects social aspects over economic aspects. It is intended to enable the debtor to “relaunch” and motivate him to be actively involved in the amortization of his debt, at least up to an estimated 30% in the case of unsecured creditors. Reinsured [...]
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