[eu]cite

Home› Insolvency Law› InsO (EN)

Part 10 · Consumer insolvency proceedings › Section 304

Principle

(1) If the debtor is a natural person who is not self-employed, the general provisions apply to the proceedings, unless otherwise provided under this Part. If the debtor was self-employed, sentence 1 applies if his or her assets are manageable and no claims exist against him or her from the employment.

(2) Assets are manageable within the meaning of subsection (1) sentence 2 only if the debtor has fewer than 20 creditors at the time the request is made to open insolvency proceedings.

←→ also move between sections