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Jungmann, Nadja; Madern, Tamara --- "THE NETHERLANDS" [2019] ELECD 1214; in Kadner Graziano, Thomas; Bojars, Juris; Sajadova, Veronika (eds), "A Guide to Consumer Insolvency Proceedings in Europe" (Edward Elgar Publishing, 2019) 718

Book Title: A Guide to Consumer Insolvency Proceedings in Europe

Editor(s): Kadner Graziano, Thomas; Bojārs, Juris; Sajadova, Veronika

Publisher: Edward Elgar Publishing

Section: Chapter 23

Section Title: THE NETHERLANDS

Author(s): Jungmann, Nadja; Madern, Tamara

Number of pages: 44

Abstract/Description:

On the 1st December 1998, the Debt Rescheduling (Natural Persons) Act came into force in the Netherlands. This Act provides those debtors who are unable to pay their debts with the opportunity to apply to the court for a fresh start. In the Netherlands, a debtor may only appeal to the court if it is evident that it is not possible to reach an amicable debt settlement. The Municipal Debt Counselling Act regulates how amicable debt settlements are to be established. These two Acts thus form the Dutch system of debt counselling.