The main task of insolvency related creditor protection is to facilitate, at an early stage, a company´s restructuring or where required, liquidation. Numerous provisions have been implemented by the Austrian legislator in light of this aim. However, the efficiency of these may be questionable. The deficit can be ascribed to a lack of coordination and acceptance in practice. At present, directors' duties in the vicinity of insolvency are being revised, both on a national and European level. This paper aims at shedding light on selected European legal systems, and their respective methods to prevent corporate bankruptcy. The authors argue that the adaption of certain instruments, in particular an earlier intervention, could help to shift the emphasis of Austrian insolvency law from compulsory liquidation to reorganisation.