Entrepreneurship

Insolvency and Restructuring

Een groep professionals zit rond een tafel in een kantoorruimte, bezig met een vergadering of bespreking.

Are you having trouble paying your suppliers and employees?

Are you facing rough waters? Are you temporarily insolvent and having trouble paying your suppliers and employees? If so, action is needed. It’s not easy. But you want what’s best for your business. And there are options available. You just need to know what they are and how best to proceed.

Make legally sound and well-founded decisions in this sensitive matter. Crauwels Advocaten is happy to assist you. You’ll gain insight into all the options available to you under insolvency law. This will give a business restart or potential liquidation the best possible chance of a favorable outcome.

How can Crowe Legal assist you?

Specifically, we provide assistance and answers to the following questions:

What are the options for restructuring and mass layoffs?
How can I protect and secure my collateral against an insolvent customer?
Can I file for judicial reorganization, formerly known as the “WCO”? Are you seeking protection from your creditors? If you are temporarily unable to pay your debts, judicial reorganization may be a solution. By overcoming your financial difficulties, you may be able to avoid bankruptcy. Why would you opt for a judicial reorganization? There are three possible objectives:
- You reach an out-of-court settlement with two or more creditors;
- You enter into a collective agreement with all creditors;
- You place part or all of the business under court supervision.
How do I avoid director liability? Can I be represented by an attorney in court if my liability is at risk?

An Imminent Bankruptcy: What Now?

Crauwels Advocaten guides you through the process of judicial or voluntary dissolution and liquidation of a company, or—in the worst-case scenario—bankruptcy: whether you are a director and/or shareholder, or a creditor and/or other stakeholder
We also act as professional liquidators of companies
In some cases, we are appointed by the Antwerp Commercial Court, Antwerp or Mechelen division, as a bankruptcy trustee or are granted another judicial mandate.

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