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Erfolgreiche Sanierung in der Insolvenz aus Sicht des Schuldnerunternehmens

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  • Alfred Kötzle
  • Jörg Zirener

Abstract

This paper addresses the options of systematically managed insolvency proceedings to reorganise nonperforming firms. Crisis theory and an economic analysis of insolvency law suggest an “Insolvenzplanverfahren” based on a motion because of imminent insolvency in conjunction with requesting a debtor in possession solution is the best option for an indebted company. The success of a juristictional reorganisation depends on the optimal time to file for insolvency, a preselection of companies based on the appropriateness for a juristictional reorganisation, and the decision on asset utilisation. Copyright Springer-Verlag 2006

Suggested Citation

  • Alfred Kötzle & Jörg Zirener, 2006. "Erfolgreiche Sanierung in der Insolvenz aus Sicht des Schuldnerunternehmens," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 17(1), pages 73-98, March.
    • Handle: RePEc:spr:metrik:v:17:y:2006:i:1:p:73-98
    DOI: 10.1007/s00187-006-0159-5
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