Employer Insolvency

With company bike leasing, there is a contractual relationship between the leasing company and the employer. No blanket statements can be made about the effects of the employer’s insolvency. The next steps depend on the decision of the employer or the insolvency administrator.

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Contractual parties: 

• The employer is the lessee and therefore the contractual partner of the leasing company. The employee is only entitled to use the bike under the transfer agreement. 
• Case-by-case review: 
  In the event of insolvency, it must be clarified directly with the employer or the insolvency administrator whether: 
  • the contract will continue, 
  • the company bike will be returned early, 
  • or it is possible to buy out the bike.
  • This is clarified between the leasing company and the insolvency administrator.

No automatic termination:

• Insolvency does not automatically result in the termination of the leasing contract. The decision is up to the insolvency administrator. 

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FAQ/additional information

• Can I continue the leasing contract privately?
  • No, continuing the leasing contract privately is not possible for tax reasons.
• What options are available to employees? 
  • Transfer or Buyout

Translation Note: This article has been translated using automatic translation software to provide the reader with a basic understanding of the content. Despite reasonable efforts to provide an accurate translation, we cannot guarantee its accuracy.

If there are any questions regarding the accuracy of the information in the translated article, please refer to the German version of the article, which is the official version.