DEALING WITH A BANKRUPT’S AFFAIRS IN BELGIUM (MARCH 2011)

CHAPTER 43.5

March 2011

DEALING WITH A BANKRUPT’S AFFAIRS IN BELGIUM 

43.5.1 Introduction

This chapter provides information and advice on issues of a practical nature when dealing with the bankrupt’s affairs (particularly, assets) in Belgium. 

Currently the chapter contains only information to assist in dealing with an bankrupt’s property in Belgium.  The intention is that the chapter will be further developed to deal with other issues relating to that country as the need arises.

Chapter 43.0 covers those areas common to all “international” bankruptcies (such as gaining recognition of the insolvency order in another country and the legal basis on which the official receiver, as trustee, is able to deal with assets in overseas).

 

The chapter is divided into the following parts:

Part 1 – Dealing with a bankrupt’s property in Belgium (paragraphs 43.5.2 to 43.5.18)

 

The chapter contains the following annexes:

Annex 1 – MP2 for Belgium

Annex 2 – MP3 for Belgium

Annex 3 – Document explaining purpose and effect of disclaimer

 

The following abbreviation is used in this Chapter:

EC Regulation – The EC Regulation on Insolvency Proceedings 2000