Introduction
Debt collection through bankruptcy filing before COVID-19
Pre-judgment attachment before COVID-19
Changes due to COVID-19
Comment
Under Dutch law, the creditor of a claim has various measures at its disposal to collect a debt or ensure recourse, including:
- debt collection through a bankruptcy filing; and
- pre-judgment attachment.
The execution of these measures requires only a marginal assessment by a judge, which is why they can be effective and efficient but are sometimes criticised.
The COVID-19 outbreak is greatly affecting legal matters and company wellbeing. Some companies can no longer comply with their contractual obligations, while others have become financially distressed. To ensure that creditors d…
Read the full article at: https://www.internationallawoffice.com/Newsletters/Litigation/Netherlands/AKD/Debt-collection-during-COVID-19