Transparency and quality in insolvency administration

In the complex world of insolvency proceedings, clear standards are essential to ensure trust and efficiency. The Principles of Proper Insolvency and Self-Administration (GOI) set standards for the independent, transparent, and high-quality handling of insolvency proceedings. Since their introduction by the Association of Insolvency Administrators and Trustees in Germany (VID) in May 2010, they have served as binding guidelines for professional insolvency administrators.

Normec VQZ, known for its expertise in management system certification for more than 30 years, has now published the GOI on its company website. This step underscores the company's commitment to the highest quality standards and offers clients and interested parties comprehensive insights into the principles of proper insolvency administration.

Although the GOI is not currently an accredited program, Normec VQZ plans to apply for accreditation once it has achieved accreditation status. With its many years of experience, Normec VQZ supports law firms and organizations in successfully complying with the GOI requirements. The company's independent audit approach ensures that all procedures are assessed neutrally and transparently. Clients can be confident that their processes will be certified in accordance with the principles of proper insolvency administration.

The Normec VQZ team is available for further information and advice.