Insolvency Law
YUR.As a business owner, you unfortunately do not have everything under your control. Almost any business can fall on hard times, with all its consequences. Sometimes even resulting in bankruptcy. Extremely annoying for you as an entrepreneur and for the employees. We often hear from clients who have gone bankrupt that this gave the feeling of being “on a rollercoaster without being able to get off”. You have to deal with a bankruptcy administrator, a bankruptcy judge, creditors and financiers, among others, losing control of your business. Such situations seem hopeless. By providing overview and clarity on what can and cannot be done anymore, we try to limit the damage as much as possible.
What YUR does
Ask us for good advice in time if you think your business is at risk of bankruptcy. Perhaps restructuring or reorganisation still offers a solution in your situation. Because not everything has to end in bankruptcy. We will work hard to provide perspective. But if things really go wrong, we are also there for you. Bankruptcy is terrible, but it also offers opportunities.
Whatever happens, acting quickly is in any case important to retain as much value in the company as possible. With four bankruptcy administrators within our firm, we have all the knowledge to act in the right way; we know what you can do if you go bankrupt or to prevent bankruptcy.
Tip from YUR
“Entrepreneurs still sometimes stick their heads in the sand when bankruptcy approaches. Out of shame or fear of what is to come. Yet it is actually better to acknowledge problems as soon as possible. So engage a legal advisor well before things really go wrong.”
