{"id":36743,"date":"2025-08-07T11:38:13","date_gmt":"2025-08-07T09:38:13","guid":{"rendered":"https:\/\/harlander-partner.eu\/assignment-in-lieu-of-payment\/"},"modified":"2025-11-24T20:14:16","modified_gmt":"2025-11-24T19:14:16","slug":"assignment-in-lieu-of-payment","status":"publish","type":"page","link":"https:\/\/harlander-partner.eu\/en\/inheritance-law-estate-planning\/assignment-in-lieu-of-payment\/","title":{"rendered":"Assignment in Lieu of Payment"},"content":{"rendered":"\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2>Assignment in lieu of payment<\/h2><ul><li><a href=\"#h-uberlassung-an-zahlungs-statt\" data-level=\"2\">Assignment in lieu of payment<\/a><\/li><li><a href=\"#h-voraussetzungen\" data-level=\"2\">Requirements<\/a><\/li><li><a href=\"#h-befugte\" data-level=\"2\">Authorized parties<\/a><\/li><li><a href=\"#h-verfahrensablauf\" data-level=\"2\">Procedure<\/a><\/li><li><a href=\"#h-verteilung-der-verlassenschaftsaktiva\" data-level=\"2\">Distribution of estate assets<\/a><\/li><li><a href=\"#h-inhalt-des-gerichtlichen-uberlassungsbeschlusse\" data-level=\"2\">Content of the court order of assignment<\/a><\/li><li><a href=\"#h-nachtraglich-aufgefundenes-vermogen\" data-level=\"2\">Subsequently discovered assets<\/a><\/li><li><a href=\"#h-ihre-vorteile-mit-anwaltlicher-unterstutzung\" data-level=\"2\">Your Benefits with Legal Assistance<\/a><\/li><li><a href=\"#h-haufig-gestellte-fragen-faq\" data-level=\"2\">Frequently Asked Questions &#8211; FAQ<\/a><\/li><\/ul><\/div>\n\n<h2 class=\"wp-block-heading\" id=\"h-uberlassung-an-zahlungs-statt\">Assignment in Lieu of Payment<\/h2>\n\n<p class=\"wp-block-paragraph\">The court orders the assignment in lieu of payment if certain creditors, upon request, receive the existing assets of an over-indebted estate in order to proportionally settle their claims. The distribution takes place <strong>instead of a cash payment<\/strong>, whereby the debts are considered settled to the extent of the assigned assets. <\/p>\n\n<div class=\"wp-block-uagb-container uagb-block-3019fe8e alignfull uagb-is-root-container\">\n<div class=\"wp-block-uagb-container uagb-block-32585033\">\n<p class=\"wp-block-paragraph\">In the assignment in lieu of payment, creditors of an over-indebted estate receive assets from the estate instead of money, thus proportionally settling their claims.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-uagb-container uagb-block-45819ab6\"><picture>\n\t\t<source srcset=\"https:\/\/harlander-partner.eu\/wp-content\/uploads\/Ueberlassung-an-Zahlungs-statt-352x198.webp\" >\n\t\t<img decoding=\"async\" class=\"mr-picture-small\" src=\"https:\/\/harlander-partner.eu\/wp-content\/uploads\/Ueberlassung-an-Zahlungs-statt.webp\" alt=\"\" >\n\t<\/picture>\n<\/div>\n<\/div>\n\n<p class=\"wp-block-paragraph\">If the estate is over-indebted, the question often arises as to how to avoid court proceedings, additional costs, and lengthy processing times. A proven solution is the <strong>assignment in lieu of payment<\/strong> according to <a href=\"https:\/\/www.ris.bka.gv.at\/NormDokument.wxe?Abfrage=Bundesnormen&amp;Gesetzesnummer=20003047&amp;Artikel=&amp;Paragraf=154&amp;Anlage=&amp;Uebergangsrecht=\">\u00a7 154 Au\u00dfStrG.<\/a> <\/p>\n\n<p class=\"wp-block-paragraph\">In this process, the <strong>remaining assets of the estate<\/strong> are assigned to the creditors <strong>instead of a cash payment<\/strong>. The claims are extinguished to the extent of the value received. The procedure replaces estate insolvency and offers advantages for all parties involved.  <\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-voraussetzungen\">Requirements<\/h2>\n\n<p class=\"wp-block-paragraph\">The court can only order an assignment in lieu of payment if <strong>all of the following conditions are met<\/strong>:<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Austrian inheritance law<\/strong> is applicable to the death.<\/li>\n\n\n\n<li><strong>The estate is over-indebted<\/strong> (liabilities exceed assets).<\/li>\n\n\n\n<li><strong>No estate insolvency proceedings<\/strong> have been opened.<\/li>\n\n\n\n<li><strong>No unconditional<\/strong> <a href=\"https:\/\/harlander-partner.eu\/en\/inheritance-law-estate-planning\/declaration-of-acceptance-of-inheritance\/\"><strong>declaration of acceptance of inheritance<\/strong><\/a> has been submitted.<\/li>\n\n\n\n<li><strong>No application for appropriation by the federal government<\/strong> is pending.<\/li>\n\n\n\n<li><strong>An application for assignment in lieu of payment<\/strong> has been filed.<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\" id=\"h-befugte\">Authorized Parties<\/h2>\n\n<p class=\"wp-block-paragraph\">The right to apply is granted to:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>all potential <strong>legal and testamentary heirs<\/strong> (including compulsory, substitute, and subsequent heirs),<\/li>\n\n\n\n<li>the <strong>estate creditors<\/strong> themselves.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">A mere creditor application (e.g., by filing a claim) already counts as an application for assignment, <strong>except for real estate<\/strong>, as additional legal and tax aspects (e.g., real estate transfer tax) must be considered here.<\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-verfahrensablauf\">Procedure<\/h2>\n\n<p class=\"wp-block-paragraph\">The procedure for assignment in lieu of payment begins with the <strong>valuation of the assets<\/strong> as part of the death record. Subsequently, the <a href=\"https:\/\/harlander-partner.eu\/gerichtskommissaer\/\">court commissioner<\/a> checks whether the estate is <strong>over-indebted<\/strong>. If this is the case, authorized persons, in particular heirs or creditors, can submit the <strong>application for assignment in lieu of payment<\/strong> to the competent court.  <\/p>\n\n<p class=\"wp-block-paragraph\">After receipt of the application, the court examines the legal requirements and decides whether the assignment is permissible. Depending on the <strong>value of the estate assets<\/strong>, the parties involved are notified to varying extents: <\/p>\n\n<ul class=\"wp-block-list\">\n<li>If the total value is <strong>less than \u20ac 5,000<\/strong>, <strong>no notification and no creditors&#8217; meeting<\/strong> takes place.<\/li>\n\n\n\n<li>For a value <strong>between \u20ac 5,000 and \u20ac 25,000<\/strong>, <strong>only those heirs and creditors who are already on record are notified<\/strong>. A creditors&#8217; meeting is not held. <\/li>\n\n\n\n<li>If the value exceeds <strong>\u20ac 25,000<\/strong>, the court is obliged to <strong>notify all known parties involved and hold a creditors&#8217; meeting<\/strong>.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">Subsequently, a <strong>court order<\/strong> is issued, with which the estate assets are assigned in lieu of payment. Then, the <strong>distribution of the assets<\/strong> takes place, whereby first the estate costs are covered and then the creditors are satisfied in proportion to their undisputed claims. <\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-verteilung-der-verlassenschaftsaktiva\">Distribution of Estate Assets<\/h2>\n\n<p class=\"wp-block-paragraph\">The distribution takes place <strong>in a legally prescribed order<\/strong>:<\/p>\n\n<ol class=\"wp-block-list\">\n<li><strong>Estate costs<\/strong> (e.g., court commissioner fees, funeral costs, rent)<\/li>\n\n\n\n<li><strong>Costs of any administrator of the deceased<\/strong><\/li>\n\n\n\n<li><strong>Proportional settlement<\/strong> of undisputed claims documented by records<\/li>\n<\/ol>\n\n<p class=\"wp-block-paragraph\"><strong>Note:<\/strong> The assets must <strong>still exist and be legally realizable<\/strong>. Items with segregation rights (e.g., third-party ownership) are not taken into account. <\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-inhalt-des-gerichtlichen-uberlassungsbeschlusse\">Content of the Court Order of Assignment<\/h2>\n\n<p class=\"wp-block-paragraph\">The court must order the assignment in detail. The order must contain: <\/p>\n\n<ul class=\"wp-block-list\">\n<li>the <strong>specific object of assignment<\/strong> (including legal situation and realizability),<\/li>\n\n\n\n<li>the <strong>first and last names as well as the address<\/strong> of the recipients,<\/li>\n\n\n\n<li><strong>precise indication<\/strong> of which claims are settled with it,<\/li>\n\n\n\n<li>if applicable, <strong>information on the book entry implementation<\/strong>, e.g., for real estate.<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\">Advantages Compared to Estate Insolvency<\/h2>\n\n<ul class=\"wp-block-list\">\n<li><strong>No additional costs<\/strong> as in insolvency proceedings<\/li>\n\n\n\n<li><strong>No stay of proceedings<\/strong>. Creditors can sue even after the assignment <\/li>\n\n\n\n<li><strong>Faster processing<\/strong><\/li>\n\n\n\n<li><strong>Individual creditor satisfaction<\/strong> depending on the value situation and claim security<\/li>\n<\/ul>\n    <div class=\"mr-quote mrbg clearfix\">\n        <a class=\"mr-quote-person\" href=\"\/ueber-uns\/rechtsanwalt-peter-harlander\/\" title=\"Rechtsanwalt Peter Harlander\">\n            <img decoding=\"async\" class=\"mr-quote-person-img\" src=\"https:\/\/harlander-partner.eu\/wp-content\/themes\/harlander\/design\/ph100.webp\" width=\"100\"\n                 height=\"100\" loading=\"lazy\" alt=\"Rechtsanwalt Peter Harlander\">\n            <span class=\"mr-quote-person-text\">\n            Peter Harlander<br>\n            <span class=\"mr-quote-person-function\">Harlander &amp; Partner Rechtsanw\u00e4lte<\/span>\n        <\/span>\n        <\/a>\n        <span class=\"mr-quote-content\">\u201eDie \u00dcberlassung an Zahlungs statt bietet in vielen F\u00e4llen einen pragmatischen Weg aus der \u00dcberschuldung. Wer rasch handelt, vermeidet langwierige Insolvenzverfahren.\u201c<\/span>\n    <\/div>\n\n<h2 class=\"wp-block-heading\">What Needs to be Considered for Real Estate?<\/h2>\n\n<p class=\"wp-block-paragraph\">If land or houses are assigned in lieu of payment, parties involved must observe <strong>additional formalities<\/strong>:<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>Real estate transfer tax liability<\/strong><\/li>\n\n\n\n<li><strong>Book entry implementation<\/strong> (entry in the land register)<\/li>\n\n\n\n<li>Recommendation: Provide <strong>liquidity reserves<\/strong> for ancillary costs<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\" id=\"h-nachtraglich-aufgefundenes-vermogen\">Subsequently Discovered Assets<\/h2>\n\n<p class=\"wp-block-paragraph\">If further assets appear after the assignment, the court must <strong>reassess the total value<\/strong>. This can exceed a higher value limit, which <strong>makes a subsequent creditors&#8217; meeting necessary<\/strong>. <\/p>\n\n<h2 class=\"wp-block-heading\" id=\"h-ihre-vorteile-mit-anwaltlicher-unterstutzung\">Your Benefits with Legal Assistance<\/h2>\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container\">\n<p class=\"wp-block-paragraph\">Our law firm accompanies you through the entire process:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Examination of the over-indebtedness situation<\/li>\n\n\n\n<li>Advice on the application and strategic approach<\/li>\n\n\n\n<li>Securing real estate assignment<\/li>\n\n\n\n<li>Communication with the <a href=\"https:\/\/harlander-partner.eu\/gerichtskommissaer\/\">court commissioner<\/a><\/li>\n\n\n\n<li>Avoiding delays and loss of rights<\/li>\n<\/ul>\n<\/div><\/div>\n<a class=\"mr-cta-link mr-cta-button-cal\" href=\"#h2-booking\" title=\"Free initial consultation\"><span class=\"mr-cta-link-normal\">Select your preferred appointment now:<\/span><span class=\"mr-cta-link-bold\">Free initial consultation<\/span><\/a>\n\n<h2 class=\"wp-block-heading\" id=\"h-haufig-gestellte-fragen-faq\">Frequently Asked Questions &#8211; FAQ<\/h2>\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-972c8b74 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height     \" data-faqtoggle=\"true\" role=\"tablist\"><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-faq1 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">When does over-indebtedness of the estate exist?<\/span><\/div><div class=\"uagb-faq-content\"><p>Over-indebtedness exists if the liabilities (debts, obligations, other commitments) exceed the value of the assets. The determination is made as part of the death record by the court commissioner. <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-faq2 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">Who is allowed to apply for the assignment in lieu of payment?<\/span><\/div><div class=\"uagb-faq-content\"><p>Both potential heirs (legal, appointed, compulsory, substitute, or subsequent heirs) and estate creditors can submit the application. A simple claim filing by the creditor already counts as an application, except for real estate. <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-faq3 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">What happens if the estate value is less than \u20ac 5,000?<\/span><\/div><div class=\"uagb-faq-content\"><p>In this case, the court does not notify any creditors or heirs and does not conduct a creditors&#8217; meeting. The procedure is handled directly by the court. <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-faq4 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">Which costs are considered estate costs and are covered with priority?<\/span><\/div><div class=\"uagb-faq-content\"><p>Estate costs include, for example, court commissioner fees, funeral costs, rent claims, expert costs, or the remuneration of an estate curator. These items are settled from the estate before all creditor claims. <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-faq5 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">Is real estate transfer tax due for real estate assignment?<\/span><\/div><div class=\"uagb-faq-content\"><p>Yes, the assignment of land or houses in lieu of payment generally incurs real estate transfer tax. In addition, a book entry implementation is required. <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-faq6 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">What happens if further assets are subsequently discovered?<\/span><\/div><div class=\"uagb-faq-content\"><p>In this case, the court must reassess the total value of the estate. If this new value exceeds a legal limit (e.g., \u20ac 25,000), an additional creditors&#8217; meeting may be required. <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-faq7 \" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\">What distinguishes the assignment in lieu of payment from insolvency proceedings?<\/span><\/div><div class=\"uagb-faq-content\"><p>In contrast to estate insolvency proceedings, the assignment in lieu of payment saves procedural costs, does not lead to a stay of proceedings, and enables faster processing with individual creditor satisfaction.<\/p><\/div><\/div><\/div>\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"Assignment in Lieu of Payment The court orders the assignment in lieu of payment if certain creditors, upon request, receive the existing assets of an over-indebted estate in order to 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Prem","author_link":"https:\/\/harlander-partner.eu\/en\/author\/simon-prem\/"},"uagb_comment_info":0,"uagb_excerpt":"Assignment in Lieu of Payment The court orders the assignment in lieu of payment if certain creditors, upon request, receive the existing assets of an over-indebted estate in order to 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