INSOLVENCY Series | Episode 4: Liquidation Proceedings
Preserving undertaking’s business continuity is one of the main purposes of the Belgian insolvency law. However, in some cases, the undertaking’s situation is so serious that there is no better option than its liquidation. Liquidation proceedings aim to winding up the debtor’s estate and distributing the proceeds among its creditors to pay off its debts. […]
INSOLVENCY Series | Episode 1: Introduction
WHAT’S INSOLVENCY? The term « insolvency » is widely used, especially in these troubled economic times, but what does it mean exactly? Insolvency is a state of financial distress where an entity’s liabilities exceed its assets, making it difficult or impossible to meet its financial commitments. In the last few months, Belgian insolvency law has come to […]
