{"id":1029,"date":"2020-12-29T07:27:33","date_gmt":"2020-12-29T06:27:33","guid":{"rendered":"https:\/\/vwg.nl\/uncategorized\/betalingsuitstel-bij-dreigend-faillissement\/"},"modified":"2026-03-03T10:33:56","modified_gmt":"2026-03-03T09:33:56","slug":"deferral-of-payment-in-the-event-of-imminent-bankruptcy","status":"publish","type":"post","link":"https:\/\/vwg.nl\/en\/betalingsuitstel-bij-dreigend-faillissement\/","title":{"rendered":"Deferral of payment in the event of (imminent) bankruptcy"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-8697\" src=\"https:\/\/vwg.nl\/wp-content\/uploads\/20201229_Betalingsuitstel.jpg\" alt=\"\" width=\"1200\" height=\"628\" \/><\/p>\n<p>Assuming that we are able to emerge from the coronavirus crisis in 2021, many business owners will have to consider how to keep their businesses afloat using the cash they have available.<\/p>\n<h4>Tax deferral<\/h4>\n<p>In this regard, the focus is often first and foremost on the options for (special) tax deferrals. As things stand at present, this deferral may run until 31 March 2021.<\/p>\n<p>The accumulated debts must be repaid to the Tax and Customs Administration in at least 36 equal monthly instalments, with effect from July 2021. If it appears that this will not be possible, further arrangements can be made with the Tax and Customs Administration.<\/p>\n<p>Read all about the special tax payment deferral in our <a href=\"https:\/\/vwg.nl\/en\/nieuws\/bijzonder-uitstel-van-betaling-in-verband-met-de-coronacrisis\/\" target=\"_blank\" rel=\"noopener\">factsheet<\/a>.<\/p>\n<h4>Deferral of payment in the event of (imminent) bankruptcy)<\/h4>\n<p>The <a href=\"https:\/\/www.eerstekamer.nl\/wetsvoorstel\/35557_tijdelijke_wet_covid_19_szw\" target=\"_blank\" rel=\"noopener\">Temporary Act on COVID-19 (Ministry of Social Affairs and Employment and Ministry of Justice and Security)<\/a> enables a party to ask the court to stay proceedings relating to a petition for a declaration of bankruptcy. This may be done for a maximum period of two months. This period may be extended twice, by two months on each occasion.<\/p>\n<p>During these periods, the debtor is not required to make payments on the debts. Furthermore, the debtor may ask the court to rule that the creditor may not take any action to secure the recovery of the debts (such as seizing assets forming part of the debtor\u2019s estate).<\/p>\n<p>The applicant must, however, demonstrate that, as a result of the coronavirus outbreak, they have been temporarily unable to continue their business and are therefore temporarily unable to pay their debts. This requirement is met, in any event, if the business owner provides information showing that they:<\/p>\n<ul>\n<li>had sufficient liquid assets to settle all its debts before the coronavirus outbreak, and<\/li>\n<li>Since the outbreak, there has been a loss of turnover of at least 20%.<\/li>\n<\/ul>\n<p>It is also important that there is a prospect of the debts being repaid following the deferral of payment. Furthermore, the interests of both the debtor and the creditor must not be substantially and unreasonably prejudiced.<\/p>\n<h4>WHOA<\/h4>\n<p>On 1 January 2021, the <a href=\"https:\/\/www.eerstekamer.nl\/wetsvoorstel\/35249_wet_homologatie_onderhands\" target=\"_blank\" rel=\"noopener\">Act on the Approval of Private Agreements<\/a> (WHOA) has come into force. Business owners who are unable to meet their payment obligations can reach an agreement with their creditors. This is nothing new.<\/p>\n<p>Under the WHOA, such an arrangement may be approved by the court. As a result, all creditors are bound by the arrangement, including those who did not consent to it.<\/p>\n<p>In addition, the WHOA provides options for amending or terminating agreements whose obligations place a heavy burden on the company.<\/p>","protected":false},"excerpt":{"rendered":"<p>Er van uitgaande dat we in 2021 ons uit de coronacrisis kunnen worstelen, zullen veel ondernemers moeten bekijken hoe ze hun bedrijf met de beschikbare liquiditeiten overeind houden. Belastinguitstel Daarbij ligt de focus allereerst vaak op de mogelijkheden voor (bijzonder) uitstel van belastingen. Naar de situatie van dit moment kan dit uitstel lopen tot de [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1029","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=1029"}],"version-history":[{"count":0,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1029\/revisions"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=1029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=1029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=1029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}