(1) As soon as approval of the insolvency plan has become final and unless otherwise provided in the insolvency plan, the insolvency court decides on termination of the insolvency proceedings.
(2) Prior to termination, the administrator is to settle those undisputed due claims on the insolvency estate and to provide securities for disputed or undue claims. A financial plan may also be submitted for undue claims on the insolvency estate which shows that their satisfaction is guaranteed.
(3) Such decision includes the date of termination, which is, as a rule, to be no earlier than two days following the decision. The decision and the reason for termination 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 of termination. Sections 31 to 33 apply accordingly. If the date of termination is not stated, termination becomes effective as soon as two further days have elapsed since the day of its publication.