Crytek is also German, right? So I have no idea how that works there.
When the person starting bankruptcy proceedings is an employee with outstanding salary payments, said person can start proceedings with no money down, and the state covers all costs of the proceedings that can't be recovered from the company.
On top of that, as long as your demand is timely, your salary up to a certain limit can be recovered from a government insurance system if the company is truly insolvent and the money can't be recovered from the estate.
This strongly incentivises employees to not put up with any nonsense over unpaid salaries, as there are few costs involved, and while it will take some time to get your salary paid, you will get it eventually (and Norwegian unemployment benefits are substantial enough that getting them is certainly far better than waiting for an insolvent employer to drip-feed you payment).
And as a result it strongly incentivises employers to prioritise salary payments or otherwise negotiate a suitable agreement with staff rather than just stringing people along, and quickly weed out insolvent companies that often would otherwise be able to drag things out by sweet-talking creditors - it's harder to string staff along when they can demand you bankrupt if you don't treat them properly.
Yes, the norwegian system is superior.
PS: The german legal system is full of those laws that cause extensive legal-battles, shipping the money of the cause to the laws soldiers of fortune. To navigate around these black holes of law is quite a art.
Take the outrageous concept of the "Erbengemeinschaft" as example. If a companys owner does not have a last will, the company ownership gets by default split up on all descendants and their descendants, making it basically impossible to continue such a company- as this creates a hostage situation with anyone, who is unwilling to get paid out.