Momentous Entertainment Group (fka MMEG)

[gastric]

Nowhere does it start debt can be completely absolved. However it does state this scary scenario "Another feature of German insolvency law is the so-called Insolvenzplan (often translated as insolvency plan). It is basically a proposal to the company’s creditors of how the restructured business should look and what actions need to be taken to implement the restructuring. Such proposal may even involve a total squeeze-out of existing shareholders."