Insolvency law

Payment problems rarely arise entirely out of nowhere. There are often warning signs: customers pay later, suppliers become impatient or liquidity comes under pressure. At such moments, a clear overview is important. The sooner you know where you stand, the more room there is to adjust course.

When payments are not made or obligations can no longer be met, questions often arise immediately. How do you deal with creditors? Can the business still continue? And what are the consequences if stopping proves unavoidable?

In practice, several interests often play a role at the same time. As an entrepreneur, you may want to continue for as long as possible, while creditors seek certainty and want to protect their position. This is precisely when it is important to make careful choices, including to limit the risk of liability.

Bankruptcy is not always the only route. Depending on the situation, restructuring, payment arrangements or a controlled wind-down of the business may also be considered. By determining in time which approach is most appropriate, there is often more room to stay in control.

When bankruptcy can no longer be avoided, the situation changes significantly. The trustee takes control and assesses, among other things, the administration, the position of the business and the role of the entrepreneur. Even then, many questions may remain, for example about settlement, a possible restart or personal consequences.

LVH Advocaten guides entrepreneurs through questions relating to insolvency law. We think along at an early stage, explore options to prevent bankruptcy and provide support in matters involving bankruptcy, restart or termination of the business. In doing so, we look not only at the legal position, but also at the practical consequences of the choices ahead.

The sooner the financial and legal situation is clear, the more targeted your actions can be. This prevents decisions from having to be made under excessive time pressure and increases the chance of a suitable solution.

Are you concerned about the financial position of your business or is bankruptcy imminent? Do not wait too long. An early conversation often provides more options than when pressure continues to build.