Bankruptcy court Insolvenzgericht Korbach

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The services specified above (Execution of bankruptcy proceedings, Standard bankruptcy for companies, Standard bankruptcy for the self-employed, Standard bankruptcy for freelancers, Consumer bankruptcy for natural persons, u.a.) might be restricted or unavailable.

The bankruptcy court handles the execution of insolvency proceedings according to the Bankruptcy Code. Generally, a bankruptcy court is assigned to a district court. The bankruptcy court usually reviews bankruptcy petitions so they can be denied or granted.

In general, a distinction must be made between standard bankruptcy and consumer insolvency. While the bankruptcy refers specifically to companies, consumer insolvency concerns natural persons.

The usual duties of the bankruptcy court include: examining bankruptcy petitions, electing and appointing and supervising bankruptcy trustees, executing debt settlement procedures, and soliciting creditors' meetings.

Rule bankruptcy generally affects businesses, professionals and the self-employed; consumer bankruptcy affects natural persons. If a natural person is insolvent and does not pursue an independent economic activity, this is called personal bankruptcy.