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 subordinated capital. In addition, the costs of a WHOA procedure can be reimbursed up to EUR 35,000. The TOA scheme will go into effect on June 1. See also https://zoek.officielebekendmakingen.nl/kst-981846.
The schemes are intended to prevent bankruptcies. The balance sheet will be cleaned up to enable a healthy restart after Corona. Entrepreneurs, make use of these schemes!’