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| Author: | Hommel, M. |
| Title: | Überschuldungsmessung nach neuem Insolvenzrecht: Probleme und Lösungsmöglichkeiten. |
| Journal: | Zeitschrift für Betriebswirtschaft
1998 : VOL. 68:3, p. 297-322 |
| Index terms: | CORPORATE SOLVENCY BANKRUPTCY FINANCIAL STATEMENTS COMMERCIAL LAW GERMANY |
| Language: | ger |
| Abstract: | The fact of insolvency triggers off insolvency proceedings too late. Therefore, under the forthcoming insolvency law, the criterion of overindebtedness should ensure a timely beginning of insolvency proceedings. However, overindebted- ness as defined under the new law appears to be insufficient in this respect; it is based on the debtor's subjective judgment concerning the firm's chance of survival which cannot be verified by the creditor. |
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