Pronounced debt restructuring plans; way of ending, region 1999-2017

Table explanation

Description topics

Debt restructuring; type of debtor

Natural persons total

A human (individual) who is recognized in the law as legal subject and
therefore bears legal rights and duties

Natural persons with business

A human (individual) who is recognized in the law as legal subject and
therefore bears legal rights and duties, and who is or has been active in
activities concerning a business.
A case is assumed to concern a business if, in the five years prior to
starting the debt restructuring plan, the debtor has practiced an
independent profession or has been in trade and at least 20 percent of
the debt is a consequence of that profession or trade.

Natural persons without business

A human (individual) who is recognized in the law as legal subject and
therefore bears legal rights and duties, and who isn't active in
activities concerning a business, or less than 20 percent of the debt is
a result of the business.
A case is assumed to concern a business if, in the five years prior to
starting the debt restructuring plan, the debtor has practiced an
independent profession or has been in trade and at least 20 percent of
the debt is a consequence of that profession or trade.

Debt restructuring; type of ending

Debt restructuring plans can end in various ways. If the debtor complies
with the arrangements, he is granted a clean state after a period of
(usually) three years. That means that the remainder of the debt can't be
claimed anymore.
Sometimes, an agreement can be reached between debtor and creditor
during the course of the debt restructuring plan. In other cases, the debt
restructuring plan is less successful and ends in bankruptcy of the
debtor. All other ways of ending a debt restructuring plan are included
under "without effect".
Since January 2008, the law is changed such that a debtor will only be
declared bankrupt, if sufficient funds are present to pay the creditors at
the end of the bankruptcy. If funds are insufficient, the debt
restructuring plan will be ended without a clean slate. The remaining
debts are reactivated and the creditors can use all means to collect
their claims again.
Debt restructuring plans ending like this, will be mentioned under
'without effect', along with any other endings that don't involve a clean
slate, agreement or bankruptcy.

Total pronounced debt restructurings

Ended up to and including December 2017

Total ended

Ending by clean slate

If the debtor complies with the arrangements of the debt restructuring
plan, he is granted a clean state after a period of (usually) three years.
That means that the remainder of the debt can't be claimed anymore.

Ending by agreement

An agreement was reached between debtor and creditor(s).

Ending by bankruptcy

Since January 2008, the law is changed such that a debtor will only be
declared bankrupt, if sufficient funds are present to pay the creditors at
the end of the bankruptcy. If funds are insufficient, the debt
restructuring plan will be ended without a clean slate. The remaining
debts are reactivated and the creditors can use all means to collect
their claims again.
Debt restructuring plans ending like this, will be mentioned under
'without effect', along with any other endings that don't involve a clean
slate, agreement or bankruptcy.

Other endings

Debt restructuring plans that were pronounced in the period concerned and
ended other than by clean slate, agreement or bankruptcy at the end of
the last reported period.
Since January 2008, the law is changed such that a debtor will only be
declared bankrupt, if sufficient funds are present to pay the creditors at
the end of the bankruptcy. If funds are insufficient, the debt
restructuring plan will be ended without a clean slate. The remaining
debts are reactivated and the creditors can use all means to collect
their claims again.
Debt restructuring plans ending like this, will be mentioned under
'without effect', along with any other endings that don't involve a clean
slate, agreement or bankruptcy.

Not ended yet