Carry out consumer insolvency proceedings

Service Description

Insolvency proceedings are court proceedings with the aim of satisfying the creditors of an insolvent debtor equally. To this end, the debtor's assets are liquidated by an insolvency administrator and the proceeds distributed to the creditors. In addition, bona fide debtors are given the opportunity to free themselves from the remaining debts. A distinction is made between consumer insolvency proceedings for private individuals (consumers) and standard insolvency proceedings for self-employed persons and companies.

The consumer insolvency proceedings apply to all natural persons

  • who do not exercise or have not exercised any self-employed economic activity, or
  • who have been economically active on a self-employed basis, but whose financial circumstances are manageable and against whom there are no claims arising from employment relationships. The financial circumstances are deemed to be manageable if the debtor has fewer than 20 creditors. Claims arising from employment relationships are, in particular, wage tax claims of the tax authorities and claims of social security institutions for contributions of former employees of the debtor.

Source: Zuständigkeitsfinder Thüringen (Linie6PLus)

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