Doing business is not always easy. You may be confronted with a falling turnover, higher costs, a major setback, ... as a result of which your company gets into financial difficulties.
Dunning and bailiff's costs increase, your operation is liable to be paralysed and you are considering filing for bankruptcy.
What to do now?
Thanks to a number of measures to be taken, you believe you can restore your company to financial health over time. You will not be able to do this now, as creditors no longer give you credit.
Through the judicial reorganisation procedure, you will benefit from temporary protection against your creditors in order to guarantee the continuity of your business. During this period of protection, you can work out an agreement with your creditors on what part of their claim will be paid and within what period of time. You can also choose to organise a transfer of your activities during this period of protection.
Alis Advocaten will be happy to discuss with you whether a judicial reorganisation can solve the difficulties your company is experiencing. If this procedure proves appropriate, we will guide you step by step so that your company can get back on its feet.
However, if your company is structurally no longer able to pay and you can no longer obtain any credit anywhere, then the bankruptcy conditions have been met. Either you decide to file the books and declare bankruptcy, or a creditor will summon you into bankruptcy.
Once the bankruptcy has been declared, a trustee will be appointed to take care of the settlement of the bankruptcy. He or she will establish the liabilities and try to realise assets. The trustee will always check whether a claim can be made against the manager/administrator.
Alis Advocaten helps you prepare for bankruptcy and, if necessary, assists you when you are addressed by the trustee.