File for Insolvency of a GmbH in Oberspreewald-Lausitz
File for Insolvency of a GmbH in Oberspreewald-Lausitz is handled by Insolvenzgericht Oberspreewald-Lausitz (zuständig für Oberspreewald-Lausitz); in the region it currently takes about approx. 1 months.
Quick answer
- 1
Documents you need
Petition for Bankruptcy with Statement of Reasons · List of creditors · Statement of Assets
- 2
Costs
Varies by case
Processing time
approx. 1 months in Oberspreewald-Lausitz
In Oberspreewald-Lausitz we expect around approx. 1 months processing time – based on reports from the region, not on official figures.
Official: max. approx. 3 weeks
How to proceed
- 1
Check for Signs of Insolvency
Determine whether the company is insolvent or at risk of insolvency—consulting a tax advisor or attorney if necessary.
- 2
File a petition with the bankruptcy court
File for bankruptcy with the competent local court (bankruptcy court) where the company is headquartered.
- 3
Initiation of Proceedings
The court appoints an insolvency administrator and initiates standard insolvency proceedings.
Required documents
- Petition for Bankruptcy with Statement of ReasonsMandatory
- List of creditorsMandatory
- Statement of AssetsMandatoryOften forgotten
The essentials before applying
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)
Most common mistakes
- •Failure to file for bankruptcy (within a maximum of 3 weeks after becoming insolvent)
- •Incomplete list of creditors or assets
Common reasons for rejection
- •Application not submitted in full or by the deadline
- •No evidence of insolvency or imminent insolvency
Alternatives
- Check related services in the application assistant
- Use social counselling before applying
If rejected
Read the decision carefully: often submitting missing documents or reapplying helps more than an objection.
Everything about File for Insolvency of a GmbH
Questions & Answers
Which court has jurisdiction over the insolvency of a GmbH?▼
The local court at the company’s registered office—that is where the insolvency court is located (not the business registration office).
By when must the petition for insolvency be filed?▼
No later than three weeks after the onset of insolvency; in the event of imminent insolvency, immediately.