1. If a decision is issued to initiate bankruptcy proceedings for the employer, the contracts of the debtor's employees may not be terminated unless it is decided not to continue the debtor's business. In the event of termination of the employment contract, the employee may claim for compensation, unless the Bankruptcy Court decides otherwise to protect the interest of the debtor and creditors while taking into account the interest of the employee. 2. If it is decided to continue the debtor's business, the Trustee shall pay wages and salaries regularly on the agreed upon date if the debtor's assets are sufficient therefor.
Interpretation and application must be checked against the official text and current version.