Insolvency Law
We deliver legal advice on insolvency matters, supporting small & medium-sized enterprises as well as multinational corporations throughout their financial challenges, both within Belgium and on a global scale.
Since the global financial crisis, insolvency law has evolved to meet the challenges of economic turnaround. For companies navigating financial challenges, our team provides strategic guidance through the complexities of insolvency law. For creditors dealing with debtors in financial distress, our team deploys its deep understanding of insolvency proceedings to protect and maximize your interests.
Leveraging the global EY Law network enables us to provide seamless international assistance, ensuring your business is supported across borders with consistent and strategic legal solutions. Trust EY Law Belgium for both local expertise and global reach.
Our Solutions
Meet our team
Our Insolvency Law team is co-led by Philip Peerens, Herman De Wilde & Margaux Van Opdenbosch.
Recognize any of these situations?
| Scenarios | Solutions | |
| 1. | Your company has been summoned to appear before the Chamber for Companies in Difficulty (Kamer voor Ondernemingen in Moeilijkheden/Chambres des Entreprises en Difficulté). | When your company is summoned before the Chamber for Companies in Difficulty, we provide immediate legal assistance to assess your situation and prepare your defense. Our lawyers analyze the allegations, gather supporting documentation, advise on available options and represent you before the Chamber to protect your company interests and avoid premature liquidation or sanctions against directors. |
| 2. | Your company is facing severe financial distress and you need to file for judicial reorganization to avoid bankruptcy. | We guide you through every stage of the judicial reorganization procedure (PRJ), from filing the initial petition to negotiating with creditors and preparing a viable restructuring plan. Our team advises on the best procedure to follow based on your specific situation, manages all interactions with the court-appointed experts, drafts the necessary documentation, and represents you before the Enterprise Court to maximize your chances of approval and business continuity. |
| 3. | Your company has critical liquidity problems and you are considering filing for voluntary bankruptcy. | When severe liquidity problems leave no viable alternative, we assist you with the voluntary bankruptcy filing (aveu de faillite). Our team ensures compliance with all legal requirements, advises directors on their obligations and potential liability risks, prepares the necessary documentation, coordinates with the court and the appointed trustee, and provides guidance throughout the liquidation process to protect your company interests and ensure an orderly winding-up. |
| 4. | Your debtor is in financial difficulty and you need to recover your outstanding claims. | We develop tailored strategies to maximize debt recovery when your debtor faces financial distress. Our litigation experts assess your priority status, file timely declarations of claims in insolvency proceedings, challenge fraudulent transactions, negotiate payment arrangements with debtors or trustees, and pursue all available legal remedies to secure the best possible recovery outcome for your outstanding invoices. |
| 5. | Your debtor has entered judicial reorganization or bankruptcy and you need to protect your creditor rights. | We monitor insolvency proceedings closely to protect your rights as a creditor. Our team reviews proposed reorganization plans, objects to unfavorable terms, participates in creditor meetings on your behalf, ensures proper classification of your claims, advises on voting strategies, and takes swift legal action when necessary to prevent dilution of your recovery rights or violations of creditor protection rules. |
Not sure if this service is for you?
EY Law Belgium offers to its clients a broad spectrum of legal services, check the full overview here.