!!!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, %%sup 5/%1996; J. Erber, ABC des Insolvenzrechtes, %%sup 4/%1998. %%language [Back to the Austrian Version|AEIOU/Ausgleich,_gerichtliches_Verfahren|class='wikipage austrian'] %% [{FreezeArticle author='AEIOU' template='Lexikon_1995_englisch'}] [{ALLOW view All}][{ALLOW comment All}][{ALLOW edit FreezeAdmin}]