Lexicon

The word bankrupt can be used in several ways: It can indicate the bankruptcy of a company/person. One then says: “The company is bankrupt.” In […]

Concurrente schuldeisers zijn de schuldeisers die in geval van faillissement van de schuldenaar geen voorrangspositie hebben. Zij zullen pas worden betaald, nadat aan de schuld aan […]

If a legal or a natural person can no longer meet its payment obligations, the court can declare bankruptcy. The court will then appoint a […]

Liquidation is the liquidation of the estate of a bankrupt. The liquidation of a company is the most important task of the bankruptcy trustee. The […]

A petition is a written request to a court with which a petition procedure is initiated. Difference from subpoena The petition must be distinguished from […]

A preferential creditor is a creditor who has a preferential claim on the debtor. This preferential claim means that in case of bankruptcy of the […]