Though it has resolved recent insolvency proceedings, the German publisher remains shaken by a 50% drop in international sales. The German publishing giant Steidl Verlag, known for photobooks by leading artists including Nan Goldin, Gordon Parks, Walker Evans, and Joseph Beuys, is facing an uncertain future after coming close to bankruptcy. The publisher has recently resolved insolvency proceedings that were opened against it after the company allegedly withheld employee salaries and failed to make social security contributions. Der Spiegel also reported that the company withheld social security contributions, catalyzing the collecting agency Minijob-Zentrale to open insolvency proceedings against it. In some cases, insolvency proceedings in Germany can lead to the liquidation of a company's assets in order to resolve its debts.