## [Bankruptcy & judicial reorganisation](/en/key-moments/succession-sale/bankruptcy-judicial-reorganisation)

 ### Recognizable situations

Situations you recognize, answers that help you move forward.

###   What should I do if my company encounters financial difficulties?   

 

When your business faces financial difficulties, it is your duty as a director to act in time. You must take appropriate measures and, if necessary, consider bankruptcy or judicial reorganisation. Failure to act may lead to personal liability.

Assess whether restructuring, creditor agreements or amicable settlement are feasible. Timely legal advice guides you towards the right decisions and limits further damage.

#### Contact an expert

 ![Geert Reniers](/sites/moore_law/files/styles/ratio_1_1/public/2025-03/Geert%20Renier-1-Edit_HR.jpg?h=51707b70&itok=Y5bbm_kL)

Geert Reniers

Partner

 

 [Contact](/en/contact) 

 

 

#### Relevant services

 [Insolvency](/en/expertises/insolvency) 

 

 

 

 

 



###   When is judicial reorganisation a suitable option?   

 

Judicial reorganisation provides companies in difficulty with temporary protection against creditors. It offers time to restructure, renegotiate debts or reach a court-supervised agreement.

You must demonstrate that your business is viable and capable of presenting a realistic recovery plan. The procedure is complex, and professional guidance is essential to increase your chances of success.

#### Contact an expert

 ![Geert Reniers](/sites/moore_law/files/styles/ratio_1_1/public/2025-03/Geert%20Renier-1-Edit_HR.jpg?h=51707b70&itok=Y5bbm_kL)

Geert Reniers

Partner

 

 [Contact](/en/contact) 

 

 

#### Relevant services

 [Insolvency](/en/expertises/insolvency) 

 

 

 

 

 



###   How does a bankruptcy procedure work step by step?   

 

A bankruptcy procedure begins with a filing at the business court, either by yourself or by a creditor. A court-appointed trustee takes over management, inventories debts and liquidates assets. As a director, you must cooperate fully.

The trustee also investigates potential mistakes or irregularities. Proper accounting and transparent collaboration lower the risk of personal liability.

#### Contact an expert

 ![Geert Reniers](/sites/moore_law/files/styles/ratio_1_1/public/2025-03/Geert%20Renier-1-Edit_HR.jpg?h=51707b70&itok=Y5bbm_kL)

Geert Reniers

Partner

 

 [Contact](/en/contact) 

 

 

#### Relevant services

 [Insolvency](/en/expertises/insolvency) 

 

 

 

 

 



 



 

 

 

  ### Other moments within Succession & sale

 

These topics will help you think, plan and grow further



 

 

### Other moments within Succession & sale

These topics will help you think, plan and grow further



 



- ###  [ M&A ](/en/key-moments/succession-sale/ma) 
    
    Read more
- ###  [ Next generation ](/en/key-moments/succession-sale/next-generation) 
    
    Read more
- ###  [ Collective dismissal & closure ](/en/key-moments/succession-sale/collective-dismissal-closure) 
    
    Read more
 
 



 



 

 

 

 

 ### Are you facing a key legal moment?

We assess your situation together and guide you through the decisions that safeguard the future of your business.

 

 [ Contact us  ](/en/contact)

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