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Proposed amendment to the German Insolvency Code – tax claims as preferred insolvency claims

As part of the German government’s costs savings package, a change in the German Insolvency Code may be implemented which will grant to the German fiscal authorities a preferred creditor status.

Germany, Insolvency & Restructuring, Tax, Squire Patton Boggs, Debtor, Unsecured debt, Budget, Preferred stock, Bundestag