unbekannter Gast

Ausgleich, gerichtliches Verfahren#

Insolvency Settlement (composition), judicial proceedings in which creditors make concessions to an insolvent debtor; creditors usually write off a part of their receivables and agree to extend credit to the debtor for the remaining debts.

Further reading#

R. Holzhammer, Oesterreichisches Insolvenzrecht, 51996; J. Erber, ABC des Insolvenzrechtes, 41998.