The Austrian levy procedure and the German discharge of residual debt constitute the last chance for an economical restart in case of personal bankruptcy. Both procedures have many similarities and served each other already for reforms in the past. Because oft that, the main focus of the diploma thesis is to oppose and compare the german procedure with the austrian procedure. Starting with a detailed description of both procedures, the thesis shows off the commonalities as well as differences of both legal systems. Because oft the fact, that critics often call the german system more „debtor-friendly“ as the austrian one, the pros and cons oft the respective schemes are discussed in detail as well. Particular attention in the presentation of the German law is paid on the changes in the new German personal bankruptcy law. Since the personal bankruptcy law - not least because of it‘s high economical and sociopolitical relevance - is still the subject of numerous discussions and reform efforts in the area of insolvency law, the thesis concludes also a brief overview of the current reform projects and discussions of Germany and Austria.