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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.

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