Stap 3 van 5

View the solutions for your debts

How you resolve debts depends partly on the legal structure of your company. See what solutions are available for your business.

Use the debt flowchart

The debt flowchart shows what pathways there are to resolve your debts. Ask yourself the following questions:

  • What legal structure does my business have?
    • A private limited company, association, foundation or other legal entity may be looking at an amicable settlement, the WHOA, or bankruptcy.
    • An eenmanszaak (sole proprietorship), VOF (general partnership), CV (limited partnership), or maatschap (professional partnership) may look at debt restructuring (Wsnp), if other routes are not succesful..
  • Has someone else filed for my bankruptcy? If so, get started immediately. You have 2 weeks to file a defence. Seek help. Sometimes a settlement other than bankruptcy is an option. If not, seek help or guidance.

Liability for debts

Investigate how you are liable for your debts. You may only be liable for debts with your business capital, or only with your private capital. In some cases, you can be liable with both. For example, if you have a BV (private limited company) and you have co-signed as a private individual on certain matters. You can also have more than one legal structure, for instance an eenmanszaak and a BV. There, too, you may find yourself in a situation where you are liable both personally and as a business.

What about your staff?

Do you have staff? Talk with your staff and involve them in finding solutions. Maybe you want to ask your staff for a salary reduction or you are thinking of reorganisation. In extreme cases, you may have to dismiss staff in order to continue your business. Firing staff comes with conditions and costs.

Solving debts per legal structure

View the solutions for solving your debts per Dutch legal structure.

Ending your business

After analysing your debts, you may also come to the conclusion that stopping is the best solution for you. You can still pay or partly pay the debts that are there. For example, with the money you earn when you sell your business's assets. But you do not see a real restart or it is not financially feasible.

Read about what you need to do to end your business.

Help

You do not have to solve your debts alone. Read who you can turn to for help in step 4.

Step 2Step 4

KVK Advice Team

Do you want to know more about debt restructuring schemes? Contact the advisers of the KVK Advice Team. They listen to you and can refer you to organisations in the KVK network. Call free: 088 585 22 22.