How does bankruptcy work?
- Edited 16 September 2026
- 1 min
- Finance
- In trouble
Are you a business owner with debts that you can no longer pay? You or a creditor can file for bankruptcy. The court will review the filing and decide whether to declare bankruptcy.
In this video, presenters Max and Lisanne explain:
- When bankruptcy can happen
- What the role of the liquidator is
- What happens to your business and assets
- How a fresh start or a restructuring deal might be possible
- What happens to debts after bankruptcy.
If you want more info on debt as a business owner, please read the debts page or call the KVK Advice Team on 088 585 22 22.