1. Overview
1.1 Where would you place your jurisdiction on the spectrum of debtor- to creditor-friendly jurisdictions?
German insolvency proceedings place a high priority on protecting creditors, but they are not completely creditor-friendly. Section 1 of the German Insolvency Code states that satisfying creditors is the primary goal of German insolvency proceedings, which would seem to indicate that the German Insolvency Code is particularly creditor-friendly. Insolvency administrators…