Insolvency Code (Austria)
Basic data | |
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Title: | Bankruptcy Code |
Long title: | Federal Act on Insolvency Proceedings (Insolvency Code - IO) |
Abbreviation: | IO |
Type: | Federal law |
Scope: | Republic of Austria |
Legal matter: | Civil procedural law |
Reference: | RGBl. 337/1914 |
Effective date: | January 1, 1915 |
Last change: | Federal Law Gazette I No. 38/2019 |
Please note the note on the applicable legal version ! |
Insolvency Regulation (abbreviated IO) is the name of the law in Austria that regulates insolvency proceedings. The law emerged from the bankruptcy code as part of a large-scale amendment ( Insolvency Law Amendment Act 2010 - IRÄG 2010 ), which came into force on July 1, 2010 . This was put into effect together with the compensation order and the contestation order by the imperial ordinance of December 10, 1914 on the introduction of a bankruptcy order, a compensation order and a contestation order .
After the repeal of the compensation order by the IRÄG 2010, the insolvency order is the most important legal source of the insolvency law . The latter, in turn, is part of the foreclosure procedure in civil proceedings .
structure
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Part I: Bankruptcy Law
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I. Main part: Effects of the opening of bankruptcy proceedings
- Section 1: General Regulations
- Section 2: Contesting legal acts carried out before the opening of insolvency proceedings
- Section II: Claims in bankruptcy proceedings
- III. Main part: Effects of the cancellation of the bankruptcy proceedings
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I. Main part: Effects of the opening of bankruptcy proceedings
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Part II: Insolvency Proceedings
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I. main part: general regulations
- Section 1: Jurisdiction in Insolvency Proceedings
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Section 2: opening of insolvency proceedings
- 1. Subsection: General requirements
- 2. Subsection: Special provisions for legal persons
- Subsection 3: Orders of the court
- Section 3: Organs of the insolvency proceedings
- Section 4: Determination of the bankruptcy estate
- Section 5: Establishing Claims
- Section 6: Disposal of assets and accounting
- Section 7: Annulment of the bankruptcy proceedings
- Chapter II: Distribution
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III. Main part: redevelopment plan
- Section 1: General
- Section 2 Monitoring by a Trustee
- Section 3: Transfer of Property
- Section 4: Recovery plan with transfer of assets for realization
- Section 5 nullity and ineffectiveness of the restructuring plan
- Section 6: Special Provisions for Registered Partnerships
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I. main part: general regulations
- III. Part: rehabilitation process
- IV. Part: Restructuring procedure with self-administration under the supervision of an administrator
- Part V: Bankruptcy Proceedings
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VI. Part: Special provisions for natural persons
- I. main part: bankruptcy and debt settlement procedures
- Main Part II: Payment Schedule
- III. Main part: skimming procedure with discharge of residual debt
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VII. Part: International Insolvency Law
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I. Main Part: International Law and Legal Acts of the European Communities
- Section 1: General
- Section 2: Supplementary provisions to the EU Insolvency Regulation
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Chapter II: General Provisions
- Section 1: Applicable Law
- Section 2: Austrian Insolvency Proceedings
- Section 3: Recognition of Foreign Procedures
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III. Main part: special provisions for credit institutions and insurance companies
- Section 1: Cross-border Austrian insolvency proceedings
- Section 2: Recognition of Foreign Procedures
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I. Main Part: International Law and Legal Acts of the European Communities
- VIII. Part: General procedural provisions
- IX. Part: accompanying regulations
- Part X: Final and Transitional Provisions