Recently, the Belgian government added two new grounds for the ex officio striking-off of a company. But what exactly does this entail, what are the (new) legal grounds for this and what are the consequences? You can read all about it in this article and find out when an ex officio striking-off can be revoked.

When a company goes bankrupt, the trustee in bankruptcy uses its assets to pay creditors. The trustee blocks the accounts, sells equipment or machinery and collects any debts, and then pays the company's outstanding debts. But the order in which creditors are paid is not arbitrary. For this, the trustee in bankruptcy applies a legally strict order. Some creditors are therefore more likely to be paid (in full) than others. The decisive factor is whether a creditor is preferential or ordinary.

A customer goes bankrupt and you are at a loss what to do. What do you do now? Can you hold the directors or managers personally liable for the outstanding invoices? Sometimes you can, sometimes you cannot. Much depends on the type of company that goes bankrupt. Find out how things work here.