The introduction of the new Insolvency Act in 1999 was accompanied by great expectations. The greatest hope of the reformers was that, under the new Act, people regard insolvency as an opportunity for redevelopment rather than as a liquidation procedure only. This hope was based on the newly implemented insolvency plan procedure within the scope of which specific restructuring aims and measures can be recorded. However, a decade after the introduction of the reform it is now clear that the utilization of insolvency plans fall far short of the expectations. Information on the current status of ongoing insolvency plan procedures is published ad hoc but official track records on such procedures are hard to obtain since they are held decentralized at individual law courts. The difficult access to the data restricted previous studies on issues of the insolvency plan utilization to small samples. However, the Mannheim Enterprise Panel maintained by ZEW contains comprehensive track records on insolvency plan procedures. Within this project Mannheim Enterprise Panel data is applied in order to make large sample analyses on characteristics and after-insolvency development of firms using the opportunity of the insolvency plan.