- 1. The bankruptcy order is rendered by the District Court within whose district the domicile of the debtor is located. - 2. If the debtor has left the
a. juridical acts performed by the liquidator ('curator') during bankruptcy shall remain valid and binding; b. estate debts*) which arose during bankruptcy
Type of legislation:
Law, Act | | Adopted on: | 1893-09-30 |
| Entry into force: | |
| ISN: | NLD-1893-L-69081 |
Netherlands - Bankruptcy Act - ILOwww.ilo.org › dyn › natlex › natlex4.detailAbout Featured SnippetsAvoiding Bankruptcy: Private Agreement to Become Possible
If your business is in financial trouble, you can enter into a private agreement with your creditors to try to avoid bankruptcy. Creditors or shareholders who do not agree can still be bound by the agreement. Therefore, the term 'compulsory agreement' is also used. A compulsory agreement is also possible outside bankruptcy. If you experience financ.
Can you go bankrupt if you own a business in the Netherlands?
When you own a business in the Netherlands and you are no longer able to pay off your debts, you can petition the court (in Dutch) to be declared bankrupt
Before you take this step, you may consider debt restructuring or suspension of payment
Petitioning For Your Own Bankruptcy
You can petition for bankruptcy for yourself or for the company you represent. You can do so under the following conditions: 1. you have 2 or more debts, one of which is due immediately, and 2. you owe money to 2 or more creditors, and 3. you have stopped paying
Petitioning Someone Else’S Bankruptcy
Does a customer owe you money? And does this customer not pay, even after you have sent reminders? You can have a customer made bankrupt. In that case you are the creditor and the customer is the debtor. You can apply for a customer’s bankruptcy if: 1. they have 2 or more debts, one of which is due immediately (the payment term has expired), and 2..
Starting Again
Do you want to start again as entrepreneur, but you still have unpaid debts or accounts? Then be aware you will still have to pay these debts or bills to your creditors, for example to the Dutch Tax and Customs Administration (Belastingdienst).
What Happens After You Have Been Declared Bankrupt?
If the court declares you or your company bankrupt, they will appoint an official receiver. This is the only person who is allowed to manage your company from the day that you have been declared bankrupt. The official receiver decides on the order in which your creditors will be repaid. Find out more on what happens after you have petitioned for ba.
What If Someone Else Applies For Your Bankruptcy?
You can be made bankrupt if you: 1. have 2 or more debts, one of which is due immediately (the payment term had expired), and 2. owe money to 2 or more creditors, and 3. have stopped paying
Your Customer's Bankruptcy
If one of your customers has gone bankrupt and still owes you money, their receiver will send you a letter about their bankruptcy. If you have not received this letter, make sure to contact them yourself. You may clarify your claim, when the receiver calls a meeting to discuss all outstanding accounts. Please note: if the receiver was unable to loc.
