Who can file a debtor's petition?
- the board of a limited liability company
- the partners' meeting of a general partnership (ANS/DA)
- the board of the main company in a foreign company
What does filing a debtor's petition entail?
In order to open bankruptcy proceedings, it is important that the petition provides information about the company concerned. Our templates contain details about what information you need to provide and the documents you should attach. Remember to state the total amount of the company's debt and the value of the company's total assets. If you do not know the value of the assets, you must state your estimate of what the assets can be sold for. You must also attach the minutes from the board meeting, showing that the board has decided to file for voluntary liquidation. The minutes must be signed by all board members who attended the meeting.
Do you have to pay in order to file a petition for bankruptcy?
If you file a debtor’s petition against your own company you do not need to pay.