Judicial reorganization
- Reorganization
- Company in trouble
- Collective agreement
- …
Judicial reorganization
A company can find itself in trouble in the short term but at the same time still have a bright future in the long term. A judicial reorganization (formerly WCO) aims to allow companies to reorganize under the supervision of the court without the constant threat of bankruptcy.
From application to rejection or closure of the procedure, company enjoys protection from its creditors. Existing debts can no longer be seized, bankruptcy cannot be declared, etc.
Judicial reorganization (WCO) can take different forms
One can choose the "Amicable Agreement," the "Collective Agreement" or the "Transfer under Judicial Authority." These different forms all have their own characteristics and conditions.
As lawyers, we assist you in all phases of judicial reorganization. Together with your accountant, we will screen your company and advise you which type of judicial reorganization (WCO) best suits your company.
We then draw up a plan to restore your business to financial health and profitability. Finally, we assist you in negotiating with your creditors to obtain their agreement in court.
Of course, you can also contact us when you are faced with a debtor who has initiated a judicial reorganization. Thanks to our experience, we also offer the necessary support in negotiating and following up with this debtor.
