Reply To: Native Instruments Insolvency and Updates

[LinkedMusicians]

When I was searching to see if there was any new developments regarding Native Instruments, I noticed some new articles written in blogs and publications in this space. I forget which publication it was — and I wouldn’t want to mention it by name anyhow — but the author stated his very confused concept of insolvency vs. bankruptcy, asserting (wrongly) that if Native Instruments goes out of business, they’ll enter bankruptcy, but now they’re just insolvent.

It’s one thing to tell your friends such nonsense, but publishing it? It’s the Dunning-Kruger Effect on display.

All it would take is a little reading from a trustworthy source to find that German insolvency laws and American bankruptcy laws are two different approaches to the same problem — not being able to pay your bills. The insolvency process in Germany is the equivalent to the American bankruptcy process and visa versa, with, obviously, variations. Clearly, the author of the post didn’t understand what either meant, or the different forms of bankruptcy in the US. and didn’t take the time to learn about insolvency or bankruptcy before writing that article.

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