In Kronberg im Taunus we expect about approx. 1 months processing time for File for Insolvency of a GmbH – responsible: Insolvenzgericht Kronberg im Taunus.
Quick answer
Documents you need
Petition for Bankruptcy with Statement of Reasons · List of creditors · Statement of Assets
Costs
Varies by case
approx. 1 months in Kronberg im Taunus
If you apply for File for Insolvency of a GmbH in Kronberg im Taunus, expect about approx. 1 months. Complete documents on first submission are the biggest time factor.
Official: max. approx. 3 weeks
Check for Signs of Insolvency
Determine whether the company is insolvent or at risk of insolvency—consulting a tax advisor or attorney if necessary.
File a petition with the bankruptcy court
File for bankruptcy with the competent local court (bankruptcy court) where the company is headquartered.
Initiation of Proceedings
The court appoints an insolvency administrator and initiates standard insolvency proceedings.
Who is eligible?
Managing Director or member of the executive board of a GmbH, UG (limited liability), or AG that is on the verge of insolvency.
Income limit
Success rate
approx. 90.0 % (estimate)
Read the decision carefully: often submitting missing documents or reapplying helps more than an objection.
The local court at the company’s registered office—that is where the insolvency court is located (not the business registration office).
No later than three weeks after the onset of insolvency; in the event of imminent insolvency, immediately.