(1) Satisfaction of the insolvency creditors may be initiated only subsequent to the general verification meeting.
(2) Funds may be distributed among the insolvency creditors whenever sufficient cash is available in the insolvency estate. Lower-ranking insolvency creditors are, as a rule, not to be considered for advance distributions.
(3) Distributions are carried out by the insolvency administrator. Before each distribution, the insolvency administrator is to obtain the consent of the creditors’ committee, if one has been appointed.