No. 3,407 in German
insolvenzverfahren
"Insolvenzverfahren" means "insolvency proceedings" in English, referring to the legal process for resolving the debts of an insolvent entity or person.
In a sentence
Das Unternehmen beantragte ein Insolvenzverfahren, um seine Schulden zu restrukturieren.
The company filed for a bankruptcy procedure to restructure its debts.
Here, "Insolvenzverfahren" refers to the legal process initiated by the company to manage its financial obligations.
Während des Insolvenzverfahrens werden die Gläubiger über mögliche Rückforderungen informiert.
During the bankruptcy procedure, creditors are informed about potential reclamations.
In this case, "Insolvenzverfahren" denotes the ongoing process where details pertinent to creditors and financial recovery are addressed.
Das Insolvenzverfahren ermöglicht es Personen, ihre Finanzen zu konsolidieren und einen Neuanfang zu machen.
The bankruptcy procedure allows individuals to consolidate their finances and make a new start.
Here, "Insolvenzverfahren" emphasizes the rehabilitative aspect of the legal process that provides individuals with a financial fresh start.
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