COVID-19 – Obligation to file for insolvency to be suspended

Germany”s Federal Ministry of Justice has made plans to suspend the obligation to file for insolvency due to the coronavirus. The measure is designed to protect businesses that have gotten into difficulties as a result of the pandemic.

A company that becomes insolvent or overindebted must file for insolvency without undue delay. We at the commercial law firm MTR Rechtsanwälte note that if there is good reason to believe that the grounds for insolvency can be redressed, filing for insolvency can be put on hold for a maximum of three weeks.

It is to be expected that the coronavirus pandemic will threaten the survival of many companies and workplaces, as well as the economic livelihood of many self-employed individuals. These businesses will also be receiving financial support from the federal government. However, it may be while before the measures are implemented and the funds are actually at the disposal of those concerned. That is why Germany”s Federal Ministry of Justice and Consumer Protection is making arrangements for the suspension of the obligation to file for insolvency. The aim is to protect businesses that are experiencing financial difficulties as a result of the coronavirus.

The federal justice minister, Christine Lambrecht, explained in a press release that the measure is meant to prevent businesses from having to file for insolvency simply because the assistance legislated by the federal government does not arrive in time. She went on to state, citing information made available by the Federal Ministry of Justice, that because the regular three-week filing period is too short in view of the circumstances, it is now being suspended until September 30, 2020.

It should be noted, however, that the suspension of the obligation to file for insolvency is conditional on the grounds for insolvency being attributable to the coronavirus pandemic. In addition, there must be a reasonable prospect of the business recovering by applying for state aid, or after emerging from serious financing or restructuring negotiations. Plans for the measure to be extended envisage a revised deadline of no later than March 31, 2021.

Failing to file for insolvency in due time is a criminal offense. Suspending the obligation to file for insolvency would lower the risk and buy time. Since the grounds for insolvency need to be attributable to the crisis surrounding the coronavirus, managing directors and board members would be well advised to clearly document all transactions and events.

Lawyers with experience in the field of insolvency law can advise businesses, freelancers, and the self-employed to ensure proper compliance with the legal requirements.

https://www.mtrlegal.com/en/legal-advice/company-law/restructuring-insolvency.html

The complete guide to buying a laser cutting machine

Buying a laser cutting machine for any business is a massive investment. It is not just the buying of a laser machine that costs so much; maintenance costs will also have a decent impact on the entire manufacturing process. Furthermore, if you choose the wrong equipment, you will have to live with the decision for a long time. Proper laser etching equipment can last for seven to ten years, and that is a long time for any business establishment.

But, are you aware of the best way to purchase a good laser cutting machine? No matter if you are looking to buy an old model or a new one, it is essential that you are aware of its features. This guide will help you to make sure that you are making an intelligent purchasing decision for your manufacturing operations.

What are the applications of laser equipment?

This question is frequently asked when people look into purchasing a laser cutting machine. For many different reasons, choosing a good laser cutting machine can have a considerable impact on your company’s manufacturing processes. Furthermore, you can even offer laser cutting services in Los Angeles and make this a significant investment for your business.

Although the stamping press can deliver you the lowest cost per part, it is important to ensure that you are investing in the tools that will give you the best results. Stamping also presents the ability to perform multiple tasks. The same goes for a traditional turret. You can punch holes through it, but ultimately, it is a part of the tooling only. In simple words, if you want to boost the productivity of your systems, you must use multiple heads that can cut out different items at the same time.

Do you need to invest in laser cutting?

A company that doesn’t have a laser cutting machine can look out for companies that offer such services. With some flexibility, you can request them to perform operations for your business.

Contact US:

Jimani, Inc.
1730 Fiske Place, Oxnard, CA 93033
Phone No: (805) 486-1399 x12
Fax No: (805) 483-5127
Website: https://www.jimani-inc.com/

Budget and Cheap Hotels in Erode

Hotel Radha Prasad is a pretty standard hotel and offers the elementary amenities. It is good budget hotels in Erode and stay-over option for the business and leisure travellers. However, it ensures that the guests are satisfied and comfortable with their stay. There is 24 hr reception available and guests can check-in anytime. The hotel has decades of experience in catering the needs of its guests, which makes it a hot-favourite among the budget travellers. The rooms are well-kept, clean, and spacious. Each room is equipped with the requisite modern amenities and offer a stay that is pleasant and relaxing.

Tips for cleaning a pool and maintaining it all year round

In the summer, almost all of us enjoy our baths and dips in some type of pond. Whether artificial or not, but so that fun does not turn into displeasure, it is necessary to maintain the pool before, during and after use.

Without waiting for that last moment, water is an ideal medium for the reproduction of bacteria, fungi, and microorganisms, responsible for diseases and infections that can worsen.

In this reference guide, we will see everything you need to understand how to clean a pool, pool maintenance, and hygiene. The subject of cleaning and accessories to enjoy it properly, reviewing the highlights of the maintenance that must-have throughout the year, be it summer or winter.

Good maintenance of the pool allows it to be kept in perfect condition throughout the bathing season, guaranteeing its perfect operation.

A well-designed residential pool requires less than 20 minutes of maintenance per week, even less if we use the products and solutions on the market that automate and simplify this process, such as automatic pool cleaners or regulation and control equipment.

When maintaining the pool, we not only have to take into account the healthiness and crystallinity of the water. Aspects such as safety, cleanliness of the environment, accumulated chemicals, the machine room or the fencing of the pool are of vital importance for the pool to be a safe place for recreation and leisure.

What tasks should we perform daily?

1. Clean the water of leaves, insects and other particles in suspension.

2. Analyze the pH values and adjust them between 7.2 and 7.6 if necessary. If an automatic control and regulation system is used, adjust it to maintain said pH level.

3. Analyze the levels of free residual chlorine and adjust the values between 0.5 ppm and 2 ppm. If product dispensers are used, adjust them to maintain these disinfectant levels.

4. Pool heater repair is also necessary in case if it is not working properly.

What operations should we perform weekly?

1. Check bottom sumps, skimmer baskets, and overflow channel.

2. Clean the pump pre-filter to avoid dirt accumulation and may decrease its performance.

3. Check the filter pressure and carry out the sand washing operation. This process is essential to keep the filter medium in good condition and to obtain high filtering efficiency. Also, make sure for pool liner replacement.

4. Clean the walls and bottom of the pool using manual or automatic cleaning equipment.

5. Add the maintenance dose of the anti-algae product when necessary.

6. Check the levels of pH regulator, disinfectant and flocculant in cases of automatic dosing of chemical products.

A One-Stop-Shop for Unique Party Lights and Lighting Decorations!

There are many companies who provide a wide range of party lights and finding the best supplier can be difficult. For those of you looking for a reputable company providing party lights and decorations can check out Glimmers Inc. Glimmers is located in San Mateo, CA and exceptionally known for providing unique and one of a kind event lighting to meet the demand of their many customers. Whether the demand is for bulk or individual purchasing, they are ready to meet your needs. The exquisite range of lights are one of kind and difficult to find elsewhere. This is what makes Glimmers the perfect one stop shop for party lights.

Some of the examples of the lighting products offered include light-up balls, light-up patented mood balls, star lite necklaces, star lites in a gift tube, clip on stars in gold & silver, star centerpieces, lighted patented party ball necklaces, waterproof star lites and more. You can obtain more information about these products on their website along with the prices at https://glimmersinc.com/.

The quick online shopping method allows you to purchase the lighting products of your choice and have them delivered at your doorstep. They also offer international shipping as well as bulk ordering for the convenience of their customers.

Glimmers has been proudly serving their customers since 1990 and strive to make customer service their top priority.

Feel free to send them a message about your event, and they will get back to you as soon as possible. Together, they will make sure you get the services you need to make your event a success! If you should need further information, feel free to contact the company directly via email at jflynn@glimmersinc.com or by phone at 650-578-8276.

Contact Us:

Glimmers Inc.
3130 La Selva Dr #101 San Mateo, CA 94403
Phone Number: 650-578-8276
Fax Number: 650-578-8674
Email Address: jflynn@glimmersinc.com
Website: https://glimmersinc.com/

Useful Tips to Know Before Hiring a Junk Car Buyer

Selling your old car is a challenge. You have to overcome your emotional attachment and prepare it for the sale. Both are daunting tasks. But, think of the cash! Think of the free space you will have in your garage!

The real question, though, is where do you even begin to find good automobile recyclers? Well, here are some tips to point you in the right direction.

Check out the company reputation. This is very important when shopping for a junk car buyer. You have to know if the company even buys junk cars, for starters. Some only do tow or repair. Every junk car buyer offers cash, but only some offer a fair amount. And if your car has decent parts to be recycled or resold, you’ll want your cut of the funds.

The distance: You need to ensure the junk car buyer is willing to travel to your current location on a schedule that works for both parties.

Cost: Since your car has served you so long, you will want to keep the cost off junking your car low. If you play your cards right, you can actually make money on this little exchange. Look for two or three companies, and call for an estimate. The company that will pay you top dollar for your junk car is the one to choose.

Reliable services: You need to find a company that you can trust. Look for companies without outstanding reputations and the required operational licenses. A company that has been in business for decades isn’t likely to let you down.

One Elgin, IL company fits the bill: Global Auto Recyclers. Review our website at www.globalautorecyclers.com.

Contact us:

Global Auto Recycling & Repair, Inc.
31 West 450 Spaulding Elgin, IL 60120
Mon – Fri: 8am – 5pm
Saturday: 7am – 3pm
Sunday: CLOSED
Phone: 847.608.4700
Fax: 847.608.9777
Website: http://www.globalautorecyclers.com/