Federal Fiscal Court: Prohibition of Set-off Payments in Bankruptcy and Insolvency Proceedings
GRP Rainer Attorneys and Tax Accountants in Cologne, Berlin, Bonn, Bremen, Düsseldorf, Essen, Frankfurt, Hamburg, Hanover, Munich, Nuremberg, Stuttgart and London www.grprainer.com/en explain: In establishing the grounds for their decision, the judges in Karlsruhe explained that it is essential that the adjustment of the facts of the case are to be undertaken ahead of the opening of insolvency proceedings. Only at that point in time before the opening of insolvency proceedings could a set-off be undertaken as part of bankruptcy...
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