Corona: Insolvency application obligation should be suspended
The insulation measures to protect against the rapidly spreading virus Covid-19 also affect many companies. Recovers break away in whole or to a significant extent. Industries such as the event area with concerts, trade fairs, catering, hall rental companies, etc. have not only been struggling since the last few days.
For companies in which an insolvency reason occurs due to the effects of corona pandemic, the obligation to apply insolvency according to §15a of the bankruptcy regulations (InsO) by September 30, 2020. However, this is linked to the further requirements that
- The processing of applications for public aids or financing or renovation negotiations in the unusual current situation cannot be concluded within the three-week bankruptcy application obligation and,
- that there is a justified prospect of renovation due to the application for public aids or serious financing or renovation negotiations.
The Federal Ministry of Justice and Consumer Protection fails to recognize that these aids are mostly not initiated. In addition, the help of the companies concerned must first be evaluated and the business and renovation concept will be revised. Only then is an application possible at all.
One can only hope that implementation will be better than the announced content.
here how employers can counter the loss of work indebted by the Corona crisis .
