Bankruptcy
You can be involved in a bankruptcy in two ways: the insolvency of your clients and debtors or of your own company.
If one of your debtors has declared bankruptcy, you can limit the negative consequences by arranging your affairs in advance, drawing up good general conditions and ensuring the prompt collection of debts, provisos of ownership, rights of pledge or other securities.
Limit the damage from bankruptcy
This way you can limit the damage you suffer if something goes wrong. It’s also important to act quickly after your debtor has declared bankruptcy. Actions may include appealing to a right of retention or levying execution against your right of pledge. If there’s a risk of insolvency in your own company, you can prevent or limit the consequences by restructuring, concluding an agreement with your creditors, refinancing or finding other solutions.
The role of our lawyers
The lawyers in our bankruptcy department have many years of experience as liquidators. We know about the consequences of a bankruptcy better than anyone. By anticipating them we can improve your position.
We can assist you with negotiations with the liquidator, following the bankruptcy of your own company or that of a third party.
More information
GMW lawyers will be happy to help you with all your insolvency and restructuring issues. If you have any questions, please contact us directly using the enquiry form below or +31 (0)70 3615048. Our insolvency lawyers will be glad to support and advise you.
Are you looking for an insolvency lawyer in The Hague?
GMW lawyers will be happy to help you with all your insolvency and restructuring issues. Do you have a question? Feel free to contact us.
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