Christiaan Mensink

It is inevitable that companies will run into payment problems as a result of the current corona crisis. If income largely disappears, there is not enough cash in hand to pay all the bills. Aid is available, such as short-time working, deferral of tax payments, and deferral of loan repayments by banks. However, there are still more than enough costs to be paid. As a director of a company, which debts do you pay and which do you leave unpaid? And can an unpaid creditor hold the director personally liable for unpaid debts?

(more…)