Belgian commercial Law - bankruptcy
4 important questions on Belgian commercial Law - bankruptcy
Which 2 insolvency procedures exists:
- Bankruptcy
- judicial reorganisation
When a company has a cessation of payments, how can the law intervene?
- court will enjoys a fair discreteness in this respect
How can we define undermined creditworthiness?
it is closely linked with cessation of payment, often one is the cause of the other and vice versa
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How does a bankruptcy occur
the following persons can ask the court for an order:
- the company itself
- the creditors
- the public prosecutor
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