Companies in financial difficulties do not always have to go straight into bankruptcy. Judicial reorganisation, regulated in Book XX of the Code of Economic Law, provides a legal framework to ensure the continuity of your activities. This procedure gives you temporary protection from creditors, allowing you to develop a feasible recovery plan under the supervision of the commercial court.
There are three forms of judicial reorganisation:
- Amicable agreement: negotiations with one or more creditors.
- Collective agreement: a reorganisation plan for all creditors.
- Transfer under judicial authority: sale of (parts of) the company under the supervision of the court.
Our firm is happy to assist you with:
- Drafting and filing a petition for judicial reorganisation;
- analysing the financial situation of the company;
- drawing up an adequate and balanced reorganisation plan;
- guidance throughout the reorganisation and negotiations with creditors.
Ask Talo Advocaten for advice before it is too late.
In our office, all cases are treated and followed by the partners. This does not only have to do with quality. It is also our believe that a lawyer has to look further then his legal point of view. We are entrepreneurs and we will help you take the best decision, all things – and the law – considered.
