More WHOA with a TOA!

More WHOA with a TOA!

The government is making TOA credits available to entrepreneurs who want to restart under the WHOA. Under the WHOA, as of January 1, a restructuring of debts can take place by means of a compulsory settlement. The TOA credit also provides for new working capital and...
More WHOA with a TOA!

First WHOA-agreement approved in the Netherlands

For the first time a Dutch court has issued a ruling homologating a compulsory settlement under the new WHOA. The case involves a company in the events industry, whose operations have ceased immediately since March 15, 2020. In 2019, the company still had a turnover...
Enterprise in heavy weather

Enterprise in heavy weather

The new ‘WHOA’: a great tool to prevent bankruptcy In the Netherlands, too, from 1 January 2021 there is a scheme to restructure companies financially in order to prevent bankruptcy. This so-called WHOA is aimed at maintaining the value of the company. Viable business...