The Dutch bankruptcy act

In this edition you will find an English translation, alongside the Dutch text, of the Faillissementswet (the Dutch Bankruptcy Act of 1893) as in force on 1 January 2015. The number of bankruptcies, suspensions of payments and personal debt relief arrangements has increased each year to record levels. As a result, there is a growing interest in the Dutch Bankruptcy Act amongst those engaged in Insolvency practice in the Netherlands. This includes academics, lawyers, foreign businessmen and creditors; all of whom will find the text of the law and its English translation a useful tool. A translation has already been published in the earlier loose leaf edition of Netherlands Business Legislation. However, this was without a translation of the provisions on personal debt relief arrangements.