Germany
Maximilianstr. 280539 München
Germany+49 89 4444 373-20
Kanzlei Verbracken & Partner
Payroll, suppliers, taxes and running costs can create different risks in a crisis. Each payment needs a documented assessment.
Book your free initial consultation now
The provision restricts payments after inability to pay or over-indebtedness for covered entities. Payments consistent with the care of a prudent and conscientious manager receive specific treatment. This does not create general permission to continue all payments unchanged.
Personal reimbursement liability depends on matters including the insolvency date, payment, care exercised and statutory exceptions. Tax and social-security duties must also be included in the legal assessment. Blanket payment freezes or selective payments without review can create further problems.
Bank transactions, payment approvals, liquidity forecasts and communications with advisers help reconstruct events. Keep records complete. We structure the information and involve the relevant lawyers for the specific liability assessment.
We assess your circumstances personally and involve the appropriate professionals for legal and tax questions.
Book your free initial consultation nowOur offices