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Status: 2024-01-23
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When does a managing director of a German GmbH (Limited liability company) have to file for insolvency?

In the event of insolvency or over-indebtedness, the managing directors of a German GmbH are obliged to file for insolvency if the reason for insolvency cannot be permanently eliminated in the short term. A breach of the obligation to file for insolvency leads to the personal liability and criminal liability of the managing directors. Insolvency […]

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