(1) The insolvency administrator and the debtor are entitled to submit an insolvency plan to the insolvency court. Submission by the debtor may be connected with a request to open insolvency proceedings. No account is taken of a plan which the court receives after the final creditors’ assembly.
(2) If the creditors’ assembly has charged the administrator with the establishment of an insolvency plan, the administrator is required to submit such plan to the court within a reasonable period of time.
(3) The creditors’ committee, if one has been appointed, the works council, the representative body for executive staff and the debtors assist in and advise on the establishment of the plan by the administrator.