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Part 5 · Satisfaction of insolvency creditors. Discontinuation of proceedings  ›  Division 3 · Discontinuation of insolvency proceedings › Section 215

Publication and legal effects of discontinuation

(1) A decision discontinuing insolvency proceedings pursuant to sections 207, 211, 212 or 213 and the reason underlying such discontinuation are to be published. The debtor, the insolvency administrator and the members of the creditors’ committee are to be informed in advance of the date when such discontinuation becomes effective (section 9 (1) sentence 3). Section 200 (2) sentence 2 applies accordingly.

(2) Upon discontinuation of the insolvency proceedings, the right to freely realise the insolvency estate transfers back to the debtor. Sections 201 and 202 apply accordingly.

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