When must the management of a GmbH file for insolvency?
When the company becomes unable to pay its debts or is over-indebted, the managing directors must file for insolvency without culpable delay, at the latest three weeks after the duty matures. Payments made after that point can make the directors personally liable.
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Source
- Source
- Insolvency Code, section 15a
- Source
- Bundesministerium der Justiz, Gesetze im Internet
- Checked
- 2026-10-03
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