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You will be able to prepare in relative peace for a potential upcoming bankruptcy. This way the settlement will run more smoothly, improving your chances of continuing your business or making a restart with the profitable parts of your company.
- You can ask the court to appoint a 'silent administrator’. This silent administrator advises you and helps you in your dealings with creditors. The silent administrator will also help you to find a solution for your financial problems to prevent bankruptcy.
- Pre-pack bankruptcy will be possible. In this case you can ask the court before bankruptcy who will be appointed curator. You can then prepare for a possible restart after bankruptcy together with the future curator.
Companies experiencing financial difficulties
It is not yet known when the Business Continuity Act I (Wet continuïteit ondernemingen I, WCO I) will enter into force.
Please note: The effective date of this measure is not yet final. Entry into force is subject to its passing through the upper and lower houses of parliament or proclamation of the Order in Council (Algemene Maatregel van Bestuur, AMvB) or ministerial decree and publication in an official State publication (Staatsblad or the Staatscourant, in Dutch).