This is the 7505th most frequent German word.
gläubigerausschuss
A "gläubigerausschuss" is a creditors' committee in insolvency proceedings.
Used as a noun referring to the group formed for consultation in bankruptcy processes.
Der Gläubigerausschuss berät über die weitere Vorgehensweise im Insolvenzverfahren.
The creditors' committee is consulting on the further course of action in the insolvency proceedings.
Used as a key entity associated with legal procedures in business contexts.
Im Handelsrecht spielt der Gläubigerausschuss eine wichtige Rolle.
In commercial law, the creditors' committee plays an important role.
Used to denote multiple committees in a general context, demonstrating the plural form.