Service Finder
Conduct estate insolvency proceedings
Service Description
Insolvency proceedings are court proceedings. It is used to liquidate a debtor's assets and distribute the proceeds to his creditors. The Insolvency proceedings can also be conducted over an estate.
Insolvency proceedings are opened only upon application. Any heir, the administrator of the estate and any other guardian of the estate, the executor of the will entitled to administer the estate, and any creditor of the estate shall be entitled to file a petition to open insolvency proceedings against the estate. The opening of insolvency proceedings against an estate shall not be precluded by the fact that the heir has not yet accepted the inheritance or by the fact that the heir has unlimited liability for the estate's debts.
The grounds for opening insolvency proceedings against an estate are insolvency and overindebtedness of the estate. If the heir, the administrator of the estate or another guardian of the estate or an executor of the will applies for the opening of the proceedings, imminent insolvency is also a ground for opening.
The insolvency court shall reject the application for commencement of insolvency proceedings if the decedent's estate is not expected to be sufficient to cover the costs of the proceedings. If insolvency proceedings are opened, the insolvency court appoints an insolvency administrator and requests creditors to file their claims with the insolvency administrator within a specified period.
Who should I contact?
The insolvency court in whose district the decedent had his general place of jurisdiction at the time of his death shall have exclusive local jurisdiction for insolvency proceedings relating to an estate. If the center of an independent economic activity of the decedent was at another place, the insolvency court in whose district this place is located shall have exclusive jurisdiction.
Competent authority
The examination of the opening of insolvency proceedings is carried out by the insolvency court.
Applications / forms
If the opening of insolvency proceedings is refused, the applicant and, under certain circumstances, the debtor shall have the right of immediate appeal. If insolvency proceedings are opened, the debtor has the right of immediate appeal.
Author
The text was automatically translated based on the German content per DeepL.
Technically approved by
TMMJV
Professionally released on
12.10.2021
Source: Zuständigkeitsfinder Thüringen (Linie6PLus)
Competent Authority
Amtsgericht Erfurt
Address
99092 Erfurt
Postal address
99107 Erfurt