Insolvency and restructuring
Insolvency and restructuring
Those who do business will have to deal with setbacks. When a company suffers temporary or permanent financial difficulties, we provide concrete solutions to ensure the continuity of your company or we help you to tackle things correctly when this proves impossible. An important instrument in this respect is the Belgian legislation on judicial reorganization. When the survival of a company is threatened but good prospects remain, the court can provide temporary (6 months maximum initially) financial breathing space (payment suspension) that allows the company to restructure itself in the meantime by means of an agreement with the creditors or if necessary by the transfer of (part of) its business to a third party (or a combination of both).
It is not always necessary to appeal to the court, other forms of restructuring often also offer a way out (entering into a new partnership, attracting an investor, selling an asset, etc.). If needed, we assist you in the preparation and follow-up of a possible bankruptcy. Even if you are, as a creditor, confronted with such a situation, we will advise and assist you in determining and enforcing your rights and obligations. Many solutions remain with (imminent) insolvency and we help you to make an informed and well-considered decision that takes into account your interests and the interests of all stakeholders.