Insolvency law, also known as bankruptcy law, is about the entire set of regulations related to (legal) persons who are unable to meet their financial obligations.
We have a number of highly experienced lawyers in our team who can significantly reduce the damage. We have already helped many companies and entrepreneurs, including with restructuring, and in doing so have managed to avoid compulsory bankruptcies. In the event of a possible imminent bankruptcy, we first make a thorough risk analysis and discuss the possible scenarios with you.
One of the ways in which we can help you is by preparing and realising a re-launch by negotiating with receivers and administrators. Or we can advise you if your customer or supplier is in danger of going bankrupt and examine matters such as establishing securities – for example retention of title, surety and pledge, mortgage and bank guarantees. If you as a director are held liable or confronted with a claim concerning fraudulent transactions, we will help you. We can also supervise a ‘WHOA’ process (Court Approval of a Private Composition (Prevention of Insolvency) Act) for you.
In short, in cases involving (possible) bankruptcies we have an unrivalled ability to keep the (negative) consequences to a minimum. We could investigate a relaunch and, where possible, realise it for you. If there is a dispute with a financier, a creditor or an administrator, we act on your behalf in order to minimise the impact of the bankruptcy.