After the flood disaster: Laschet for extended insolvency suspension


Status: 08/14/2021 02:30 am

Devastated shops, damaged factories: the flood disaster hit many companies hard, especially in western Germany. Union Chancellor candidate Laschet therefore wants to suspend the obligation to file for insolvency longer than planned.

Union Chancellor candidate Armin Laschet has spoken out in favor of suspending the obligation to file for insolvency for companies in the flood areas longer than planned. A good week ago, the federal cabinet agreed to suspend the obligation to file for insolvency there until the end of October in the event of impending insolvency. “That’s not enough for me. We have to give them more breathing space. There has to be a suspension by January next year,” said the CDU politician of the “Rhein-Zeitung”.

“Anyone who has seen the destruction on site knows: We are not talking about weeks of construction,” said Laschet. “I expect the federal government to revise its proposal with this in mind.”

The change in the law still requires confirmation from the Bundestag anyway. He is expected to have a special session on August 25 because of the flood. This also includes the obligation to file for bankruptcy.

Bundestag parliamentary group supports Laschet

The Union parliamentary group signaled support for Laschet’s proposal. “Previously healthy companies should not be driven into ruin by the flood disaster,” said Bundestag parliamentary group deputy Thorsten Frei.

In view of the devastating destruction, especially in western Germany, companies need more time to be able to devote themselves to the most urgent work to be done, says Frei. “They should have enough space to apply for aid, for example, or to get their businesses, some of which have been severely damaged by the flood, back into a working condition.” The Union parliamentary group expected that the coalition partner SPD would also support the proposal.



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