Corporate | Insolvency and Restructuring

Insolvency and restructuring

It can happen to anyone: financial difficulties, leading in extreme cases to bankruptcy and suspension of payments or bankrupt customers are probably the worst nightmare of any entrepreneur. In-house experts at GMW Advocaten advise clients on insolvency and restructuring.

There are moments in every company’s cycle when times are hard, putting great pressure on the liquidity and solvency of the business. Managerial brilliance can sometimes help avoid the worst-case scenario, alas not always. In these cases expert advice is necessary to minimise damages and to help reshape the business. It is wise to seek advice early on in order to avoid bankruptcy. Developing a new vision and business strategy under the guidance of experts will help limit the damages to the business, its employees and other stakeholders.

Bankruptcy

Bankruptcy can affect your company in two ways –  it could be the bankruptcy of your customers and debtors and the bankruptcy of your own company. In the first case one can limit damages by having carefully drafted terms and conditions, by having continuous collection policies and by creating retentions, pledges and other security interests. In such cases it is vital to move swiftly. Should your own company be threatened by bankruptcy our insolvency lawyers we advise a compromise with creditors or to look for ways to refinance, restructure or re-launch the business.

Our role

Our experts in insolvency law have been bankruptcy trustees themselves for years. Having an in-depth knowledge of all the ins and outs of the procedure, they will help anticipate the consequences, aiming to improve your overall situation. Following the bankruptcy of your customers or of your own business they will negotiate on your behalf with the bankruptcy trustees.

Information

Please contact René Willemsen or Christiaan Mensink for more information on the subject.

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