{"id":4104,"date":"2023-09-19T10:39:03","date_gmt":"2023-09-19T08:39:03","guid":{"rendered":"https:\/\/reyns-advocaten.be\/insolventie\/"},"modified":"2024-11-20T16:02:50","modified_gmt":"2024-11-20T14:02:50","slug":"insolvency","status":"publish","type":"post","link":"https:\/\/reyns-advocaten.be\/en\/insolvency\/","title":{"rendered":"Insolvency"},"content":{"rendered":"\n
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Insolvency<\/h1>\n <\/div>\n

If the continuity of your company’s activities is threatened, either immediately or in the long term, your company faces the risk of “imminent insolvency”. Avoid a bankruptcy. We can assist in the reorganisation of a company in difficulty. Together, we can ensure that your company is protected from its creditors and try to guarantee its survival. This is in the interests of everyone, the individuals, the company and its creditors.<\/p>\n

We specialise in the judicial reorganisation of companies in difficulty, colloquially often abbreviated to WCO or GREO. Our extensive team of specialists with many years of legal expertise in this field can be entirely at the disposal of a company in difficulty. We keep our expertise up to date by continuously investing in knowledge management.<\/p>\n

We use legal instruments to reorganise the company so that it can continue to exist. In this way, we save the work of the operator, which is also in the interest of the creditors, who are often left empty-handed in the event of winding-up.<\/p>\n

Legislation has long provided for an extensive package of legal instruments available to companies whose continuity is threatened. There is a wide range of possibilities that allow companies to map out a tailor-made reorganisation process based on their specific characteristics.<\/p>\n <\/div>\n

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Investigation by the chamber for companies in difficulty at the request of the debtor<\/a><\/div>\n\n\n\n
Company mediation<\/a><\/div>\n\n\n\n
Amicable settlement<\/a><\/div>\n\n\n\n
Publical judicial reorganisation<\/a><\/div>\n<\/div>\n\n\n\n
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Investigation by the Chamber for Companies in Difficulty at the request of the debtor<\/h2>\n\n\n\n

In the event of imminent insolvency, the company may ask the Chamber for Companies in Difficulty to summon creditors to conclude a settlement with those creditors and have it recorded by the Chamber for Companies in Difficulty.<\/p>\n<\/div>\n<\/div>\n\n\n\n

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Company mediation<\/h2>\n\n\n\n

At the request of the debtor, the Chamber for companies in difficulty may appoint a restructuring expert for companies in difficulty in order to facilitate the recovery of the company. A restructuring expert is a legal representative appointed by the insolvency court to perform one or more of the following tasks:<\/p>\n\n\n\n