Below are some notes on issues relating to debt collection in the Netherlands. Basically, the lender, the following options regarding the cash requirements: filing petitions for bankruptcy, or implementation of the precautionary seizure, and (or) for the right to recover, as by the simplified and conventional judicial proceedings. According to the law of the Netherlands, the creditor with a demand for money, which can be paid, may levy execution on the property as debtors by: registering a claim with the liquidator after filing for bankruptcy, or seizure. Bankruptcy Statement failure is often used in the Netherlands as a means to force non-cooperative debtors to pay their debts. Dutch law makes no distinction between proceedings in bankruptcy in For commercial and nonprofit organizations. Insolvency can only be declared by judicial decision. Declaration of insolvency on the basis of the request for such a decision can be filed by any creditor, irrespective of whether he or is not entitled to recover. The only prerequisite is that the debtor is required to achieve a state of bankruptcy because the lender when applying for insolvency should show the same way the validity of his claim.
In addition, the practice of law requires that it has been shown that there is a single creditor requiring payment before the Court consider the application. Implementing the right to collect penalty means that one or more of the debtor's assets should be turned into cash on behalf of one or more of its creditors. General rule in the Netherlands is that the lender to recover the debt required the right to recover (the legal document granting permission to collect the debt). Dutch Code also provides for safety arrest (temporary withdrawal), by which the creditor may seize the debtor's property pending the proceedings: for the initiation of this exemption does not require any right of recovery. This, however, is no exception the general rule, as a precautionary procedure, arrest the right to recover must be received by the creditor before he can eliminate levied property.