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Debtor to have access to debt restructuring sooner

This information is provided by:Netherlands Enterprise Agency, RVONetherlands Enterprise Agency, RVONederlandse versieEffective date: 1 July 2023

What has changed?

Do you have problematic debts? You can have access to statutory debt restructuring under the Natural Persons Debt Restructuring Act (Wet schuldsanering natuurlijke personen, Wsnp) after 3 years, if you have shown an adequate level of effort in reducing your debts and preventing new debts. This the so-called good faith test. The period before you can enter Wsnp was 5 years.

The Natural Persons Debt Restructuring Act Wsnp is a legal trajectory to resolve debts. This is called statutory debt restructuring. The Wnsp is only meant for natural persons. This means that for instance a sole proprietor or partners in a general partnership can make use of this debt restructuring trajectory.

For whom?

  • entrepreneurs who have problematic debts


This change in the Bankruptcy act has entered into force on 1 July 2023

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