Regsol, the digital bankruptcy platform
The two Belgian
and the
have launched Regsol on 1st April 2017. This is a computerized bankruptcy database hence a step towards today’s reality.
stands for Central Solvency Registrar and assembles all data regarding Belgian bankruptcies. It works on line. It helps creditors, receivers and magistrates to cooperate and offers them a global view on the process. From 1st April 2017, the courts clerks accept no more papers, only digitalized versions; except for foreign creditors or private persons having no attorney to represent them (they will be able to use Regsol but it will not be compulsory for them). The paper file remains available for ongoing bankruptcies (process started prior April) Regsol’s benefits are obviously to minimize administration efforts and costs and speed up the process at court level as well as boost communication and access to information. To introduce your claim, you’ll need to login (name, company ID (VAT number), address, etc.), to look for your debtor (search on name, VAT, etc.), to introduce the amount due and upload supporting documents, to specify your status (priority creditor or standard creditor). You can also provide a short explanation to the receiver. The system shows then a summary that you can modify or confirm. The Regsol platform will be financed by the declarations (6 EUR for the introduction of a claim; except for Public Authorities who get a free ride). Besides, annual dues will be required depending on the gross assets of the bankrupt entity (nil for gross assets < 1500 EUR; 25 EUR/year for gross assest between 1500 EUR and 5000 EUR; 295 EUR/year for gross assets > 5000 EUR). This annual due will be levied at source on the amounts distributed to creditors. Like any new IT development, bugs are expected but should be fixed promptly. We will see by the end of the year how it goes. In any event, the creditors will benefit at least in two ways:
- Time spared on declaration (no need to go to the tribunal whatsoever);
- A better information (Regsol will offer them an up to date global view on the bankruptcy).
More information?
or
!
!!!! Warning !!!!
Many of you contact us regarding connection, declaration or payment problems with Regsol. We are
not
Regsol.
Please
(
) for any functional or technical question.
The two Belgian
and the
have launched Regsol on 1st April 2017. This is a computerized bankruptcy database hence a step towards today’s reality.
stands for Central Solvency Registrar and assembles all data regarding Belgian bankruptcies. It works on line. It helps creditors, receivers and magistrates to cooperate and offers them a global view on the process. From 1st April 2017, the courts clerks accept no more papers, only digitalized versions; except for foreign creditors or private persons having no attorney to represent them (they will be able to use Regsol but it will not be compulsory for them). The paper file remains available for ongoing bankruptcies (process started prior April) Regsol’s benefits are obviously to minimize administration efforts and costs and speed up the process at court level as well as boost communication and access to information. To introduce your claim, you’ll need to login (name, company ID (VAT number), address, etc.), to look for your debtor (search on name, VAT, etc.), to introduce the amount due and upload supporting documents, to specify your status (priority creditor or standard creditor). You can also provide a short explanation to the receiver. The system shows then a summary that you can modify or confirm. The Regsol platform will be financed by the declarations (6 EUR for the introduction of a claim; except for Public Authorities who get a free ride). Besides, annual dues will be required depending on the gross assets of the bankrupt entity (nil for gross assets < 1500 EUR; 25 EUR/year for gross assest between 1500 EUR and 5000 EUR; 295 EUR/year for gross assets > 5000 EUR). This annual due will be levied at source on the amounts distributed to creditors. Like any new IT development, bugs are expected but should be fixed promptly. We will see by the end of the year how it goes. In any event, the creditors will benefit at least in two ways:
- Time spared on declaration (no need to go to the tribunal whatsoever);
- A better information (Regsol will offer them an up to date global view on the bankruptcy).
More information?
or
!
!!!! Warning !!!!
Many of you contact us regarding connection, declaration or payment problems with Regsol. We are
not
Regsol.
Please
(
) for any functional or technical question.
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