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Insolvenzordnung: Möglichkeit des Neustarts erleichtert Unternehmensgründungen


  • Frank M. Fossen


Seit 1999 die Insolvenzordnung eingeführt wurde, können sich Privatpersonen, die sich überschuldet haben, in einem Insolvenzverfahren entschulden. Dafür muss der private Schuldner zunächst die sechsjährige Wohlverhaltensphase durchlaufen, während derer sein Einkommen oberhalb einer Pfändungsgrenze an die Gläubiger abgeführt wird. Nach dieser Phase werden die Restschulden erlassen. Da in Einzelunternehmen und Personengesellschaften die Eigentümer persönlich für die Unternehmensschulden haften, ist die Insolvenzordnung mit der Möglichkeit der Restschuldbefreiung besonders auch für Selbständige wichtig. Die Bundesregierung plant derzeit eine Reform der Insolvenzordnung und will insbesondere die Dauer der Wohlverhaltensphase auf drei Jahre halbieren. Dies könnte Unternehmensgründungen in Deutschland attraktiver machen.

Suggested Citation

  • Frank M. Fossen, 2011. "Insolvenzordnung: Möglichkeit des Neustarts erleichtert Unternehmensgründungen," DIW Wochenbericht, DIW Berlin, German Institute for Economic Research, vol. 78(5), pages 11-13.
  • Handle: RePEc:diw:diwwob:78-5-3

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    References listed on IDEAS

    1. Harald Hau, 2006. "The Role of Transaction Costs for Financial Volatility: Evidence from the Paris Bourse," Journal of the European Economic Association, MIT Press, vol. 4(4), pages 862-890, June.
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    4. Lukas Menkhoff & Mark P. Taylor, 2007. "The Obstinate Passion of Foreign Exchange Professionals: Technical Analysis," Journal of Economic Literature, American Economic Association, pages 936-972.
    5. Carol L. Clark, 2010. "Controlling risk in a lightning-speed trading environment," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Feb.
    6. Badi Baltagi & Dong Li & Qi Li, 2006. "Transaction tax and stock market behavior: evidence from an emerging market," Empirical Economics, Springer, pages 393-408.
    7. Carol L. Clark, 2010. "Controlling risk in a lightning-speed trading environment," Policy Discussion Paper Series PDP-2010-01, Federal Reserve Bank of Chicago.
    8. Gregor Dorfleitner, 2004. "How short-termed is the trading behaviour in Eurex futures markets?," Applied Financial Economics, Taylor & Francis Journals, pages 1269-1279.
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    More about this item


    German Insolvency Code; Entrepreneurship;

    JEL classification:

    • K35 - Law and Economics - - Other Substantive Areas of Law - - - Personal Bankruptcy Law
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship


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