Keywords German, Insolvency Law, White Paper,
The most important principle of the German insolvency law is the
equal treatment of the creditors of the insolvency debtor. To
satisfy their claims, the creditors are entitled to the
debtor's insolvency estate. The insolvency estate consists of
the entire assets of the debtor which belong to him at the time the
insolvency proceeding is opened and which he obtains during the
The insolvency challenge rights give the insolvency
administrator, under certain prerequisites, access to assets which
the debtor disposed of to the detriment of the creditors prior to
the filing for insolvency, thus increasing the insolvency
In this White Paper we have summarized the basic principles and
legal consequences of several challenge rights.
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