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News 27th of March 2020 By Iris De Groote and Dries Torreele

Deferral of bank loans

Deferral of bank loans and guarantee scheme

6 months deferral of payment

  • +There are payment problems as a result of the corona crisis (e.g. turnover has fallen, temporary or full unemployment is invoked or the company has been compulsorily closed down, etc.).
  • +The company is based in Belgium.
  • +The company may not be in arrears on its current credits, taxes or social security contributions on 1 February 2020 or had less than 30 days in arrears on these debts on 29 February 2020.
  • +The company has met its contractual credit obligations with all banks during the last 12 months preceding 31 January 2020 and has no active credit restructuring.
  • +Credits with a fixed repayment plan
  • +Cash credits
  • +Fixed advances
Disclaimer
We base our advice on current legislation, interpretations and legal doctrine. This does not prevent the administration from being able to challenge it or to change existing interpretations.
Iris De Groote
Dries Torreele
Dries Torreele