At the debtor’s request, the insolvency proceedings are to be discontinued if it is ensured that, after such discontinuation, the debtor will no longer be subject either to insolvency or imminent insolvency or, insofar as overindebtedness was the reason for the opening of insolvency proceedings, to overindebtedness. Admissibility of such a request requires the debtor to show to the satisfaction of the court that there is no reason to open insolvency proceedings.
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Part 5 · Satisfaction of insolvency creditors. Discontinuation of proceedings › Division 3 · Discontinuation of insolvency proceedings › Section 212
Discontinuation for subsequent lack of grounds to open insolvency proceedings
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