Companies in financial distress2022-05-24T15:01:38+00:00

Companies in financial distress

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Companies in financial distress

If a company is in financial distress it is difficult for all parties involved. The entrepreneur has to decide (over and over again) whether or not to continue the business and which creditors may or may not be paid. A restructuring or relaunch may be considered. Perhaps a moratorium can lead to a solution or a private settlement can be offered with the help of the WHOA. Or you want to continue but you are faced with a insolvency petition by a creditor. Can you defend yourself against such a petition?

On the other side creditors are looking for ways to minimize their losses. Can they suspend deliveries? Are they allowed to reclaim delivered items?

There may also be employees who are facing wage arrears. What is their position?

Experienced insolvency lawyers

The court regularly appoints lawyers from our firm as trustees in corporate insolvencies and as administrators in moratoriums. The experience that our lawyers gain in this process is used in advising and guiding our clients. This may be the company that is in dire financial straits, but it may just as well be one of the other parties involved, such as a supplier, a finance company  or an employee. A different approach may be necessary for each party involved. After all, the interests of a creditor are essentially different from the interests of, say, an employee or a director. In all cases, this is tailor-made work. A private limited company with dozens of employees, sometimes with several branches, requires a different approach than a general partnership with natural persons as partners.

If you have any questions after reading an article or if you have any other questions in the area of insolvency law, please do not hesitate to contact us. We will be happy to assist you.

More about companies in financial distress

Click further if you would like to know more about how we can advise you on the following areas/topics:


These are our lawyers who are specialized in this area.

Rob Steenhoek

+31 (0)10 209 27 63

Peter de Graaf

+31(0)10 209 27 63

Justin de Vries

+31 (0)10 209 27 63

Wat vinden onze cliënten

We hebben al enkele jaren zeer goede ervaringen met LVH advocaten. Het kantoor kenmerkt zich door een gedegen Rotterdamse down-to-earth werkmentaliteit met daarbij een uitstekende kennis van zaken. Bij onze laatste samenwerking heeft Mr. R.C. Steenhoek ons als adviseur bijgestaan tijdens de afwikkeling van een faillissement. Door zijn ruime ervaring als curator is mr. Steenhoek zeer deskundig in deze trajecten. Hij is zeer toegankelijk, weet de belangrijke details te benoemen, denkt vele stappen vooruit  en komt met een duidelijk plan van aanpak. Tijdens de afwikkeling van het faillissement met de curator heeft mr. Steenhoek ons voortreffelijk vertegenwoordigt. We zijn zeer tevreden over het behaalde resultaat en we zijn ervan overtuigd dat zonder zijn expertise we dit niet op deze wijze hadden kunnen afhandelen.

P.E. van Erk

In 2019 en 2020 hebben wij LVH Advocaten benaderd voor een advies om de zaak op een zorgvuldige en deskundige wijze te beëindigen. Dit is volledig op een praktische en binnen een zeer korte periode opgelost. Hij had altijd zijn volledige aandacht voor mijn verhaal. Het is op een zeer nette manier afgehandeld. De samenwerking was perfect!

Met alle dank aan de heer Steenhoek.

Ton Hameeteman

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The Unemployment Insurance Act includes a scheme that entitles employees to payment in the event of payment problems on the part of the employer. The regulation is also called the wage guarantee regulation. It also regulates which benefits an employee can claim in case of bankruptcy of the employer. In this article I will discuss the main provisions of the wage guarantee scheme that apply in the event of bankruptcy and I will go into a recent judgment of the Supreme Court on this subject.

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