Association of insolvency administrators in Germany
The Association of Insolvency Administrators in Germany (VID) is an association based in Berlin . It currently has over 470 members. The association was founded in 2004. The main areas of activity are the representation of interests vis-à-vis politics, the further development of the quality of insolvency administrations and the exchange of experiences between the members.
Industry description
It is estimated that there are around 2,000 insolvency administrators in Germany. Only 500 to 800 people work full-time as corporate insolvency administrators.
At the end of the 20th century, the insolvency administrator industry was still characterized by many smaller law firms or individuals who operated the bankruptcy business on the side. With the entry into force of the Insolvency Code (InsO) in 1999, the field of activity of the profession has changed permanently towards restructuring-oriented insolvency administration. The restructuring of companies with hundreds, sometimes thousands or even tens of thousands of employees required the formation of appropriately specialized administrative offices. The insolvency administrator industry was therefore undergoing a profound change towards further professionalization and larger law firm structures.
tasks and goals
Principles of proper insolvency administration (GOI)
With the principles of proper insolvency administration (GOI) adopted in 2012, the VID obliges its members to adhere to professional standards that have so far only been partially regulated by law. These standards include general requirements for the administrator and his office (Section II) and procedural rules (Section III). The rules for the procedure include guidelines and a. to
- Security measures, employee questions, preparation of expert opinions, information from creditors, accounting rules, treatment of segregation and segregation rights and mass liabilities, requirements for business continuity, asset realization and company sales as well as self-administration and insolvency plans.
A common chart of accounts, which will be called "SKR-InsO" and was developed from the already known Datev chart of accounts SKR-04, was sent to interested software providers in order to enable it to be incorporated into the standard software programs. It was last updated in 2014.
The certificate of an accredited certification company required by the VID as proof and the simultaneously issued examination regulations for the GOI are intended to ensure that proof of compliance is provided by independent third parties and in a nationwide uniform examination.
German Insolvency Administrator Congress
Every autumn, the association organizes the German Insolvency Administrators Congress, which is open to insolvency administrators and insolvency judges as well as institutional creditors, restructuring consultants, scientists and legal politicians.
structure
A member of the professional association can be anyone who has worked as an insolvency administrator for companies, ie partnerships and corporations, in the last three years prior to inclusion in the VID . Proof of this activity must be provided by supporting documents of appointment for at least ten opened and two final corporate insolvency proceedings.
The board consists of insolvency administrators. It includes: Christoph Niering (chairman); Bettina Schmudde; Achim Ahrendt; Axel W. Bierbach; Michael Bremen. The federal managing director of the VID is Daniel Bergner.
Web links
Individual evidence
- ^ Members of the VID. Retrieved March 24, 2017 .
- ↑ Uniform chart of accounts - "SKR-InsO" - VID . In: VID . ( vid.de [accessed on July 25, 2017]).
- ↑ SKR-InsO (Version 2014-01) - SKR-InsO Forum. Retrieved July 25, 2017 .
- ↑ New framework for insolvency administration. In: www.ksidigital.de. Retrieved May 20, 2016 .
- ↑ Become a member - VID . ( vid.de [accessed on January 2, 2017]).
- ↑ The Association - Board of Directors - VID - Association of Insolvency Administrators Germany eV Accessed on January 2, 2017 .
- ↑ FOCUS Online: The number of company bankruptcies is increasing. In: FOCUS Online. Retrieved May 20, 2016 .