Sunday, April 8, 2012

Your own bankruptcy. Doing or not? And how does it work?

NEW YORK - NOVEMBER 3:  A man enters U.S. Bank...
NEW YORK - NOVEMBER 3: A man enters U.S. Bankruptcy Court in Manhattan as the initial hearing takes place in the Chapter 11 bankruptcy filing by CIT, which specializes in lending to small businesses, November 3, 2009 in New York City. The group's Chapter 11 filing represents the fifth largest bankruptcy in US history. (Image credit: Getty Images via @daylife)
The number of bankruptcies in the Netherlands since the outbreak of the crisis exploded. Thousands of companies have since largely disappeared. Recently it was announced that the number of bankruptcies in October 2009 with 42% increase compared to the number of bankruptcies in October 2008. And to think that this is the weakest increase since January of this year.

The vast majority of bankruptcies are claimed by one or more creditors, but it is also possible to create your bankruptcy questions. Sometimes it is no longer justified to "continue to muddle through."

Indeed, the court has repeatedly held that a trader (driver) may be personally liable if those orders placed while he, when he joined Sale, knew or should have known that the company could not pay the bills.

In short, if you're in a situation of inability to pay your creditors and finds your company can not pay, it is unwise to stick your head in the sand and stabbing but to keep going in hope of better times. A bankruptcy is sometimes unavoidable. And if your creditors do not apply, so that you can do yourself.

To apply for your own bankruptcy, you do not need a lawyer. It is also quite simple. On the website of rechtspraak.nl will specify which court you should be. Every court that website explains how it works.

If you form and accompanying documents have completed and submitted, the court will call you to come to the trial. Such a hearing is intended to answer any questions the court. Then take the court decision. If you request quotas, as in most cases, is also immediately appointed an administrator.

While applying for your own bankruptcy is fairly simple, it is recommended that you plan well to be informed by a lawyer specialized in insolvency law or other qualified lawyer. Per case, namely to assess whether the time has come to "unplugging".

Especially given the personal liability which may lie in wait if you knowingly keep it moving. A preliminary investigation by an insolvency professional is therefore recommended.

Thanks to Mr. Marco Guit, Blenheim Lawyers

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