Germany collection profile

Germany-bnr

 

Collecting in Germany

  • The payment behavior of domestic firms is good and the courts are efficient in delivering timely decisions however, professional pre-legal negotiation efforts remain the most efficient means of collecting debt.

  • The purpose of insolvency proceedings in Germany has long been to realize the debtor's assets to repay the creditor's debt. As a result, liquidation has in practice remained the default procedure and the system provides no genuine support to unsecured creditors when it comes to collecting debt from insolvent creditors.

 

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    Germany

    Germany

    Collection complexity

    notable-2

    Collection relating to

    Payments
    $-1
    Court
    proceedings
    Gav-1
    Insolvency
    proceedings
    Arrow-2

     

     

    Publications about Germany

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