Insolvenzantrag
insolvency petition, bankruptcy filing
noun in-ZOL-vents-an-trak Rare
Usage Note
Insolvenzantrag is the formal application filed with a court to open insolvency proceedings. Under German law, management is obliged to file within three weeks of becoming insolvent. Failure to do so constitutes a criminal offence.
Examples
"Das Unternehmen stellte nach monatelangen Verlusten einen Insolvenzantrag."
Natural Translation
The company filed for insolvency after months of losses.
Literal Translation
The company filed after months-long losses an insolvency-petition.
Related Words
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