{"id":69238,"date":"2018-04-09T10:06:50","date_gmt":"2018-04-09T08:06:50","guid":{"rendered":"https:\/\/tcm.be\/glossarium\/suspension-of-payments\/"},"modified":"2026-01-14T23:17:42","modified_gmt":"2026-01-14T22:17:42","slug":"suspension-of-payments","status":"publish","type":"glossarium","link":"https:\/\/tcm.be\/en\/glossarium-en\/suspension-of-payments\/","title":{"rendered":"Suspension of payments"},"content":{"rendered":"\n<p><strong>Suspension of payments <\/strong>is a situation affecting an individual or a company whereby they no longer possess sufficient liquidity (available assets) to repay their outstanding <a href=\"https:\/\/tcm.be\/en\/debt\/\">debts<\/a>.<br><br>The state of <strong>suspension of payments<\/strong> should not be confused with the state of insolvency.<\/p>\n\n\n\n<p><a href=\"https:\/\/tcm.be\/en\/insolvency\/\">Insolvency<\/a> is a permanent state, while <strong>suspension of payments<\/strong> may be a temporary state resulting from a short-term lack of liquidity.<br><br>Updated 09\/04\/2018<\/p>\n\n\n\n<p>Definitions provided under this section refer to the Belgian situation; unless specified otherwise. The texts are meant to summarize concepts in daily language and should not be considered as comprehensive or definite. We welcome suggestions for modifications or additions at\u00a0<a href=\"mailto:glossary@tcm.be\">glossary@tcm.be<\/a>.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-69238","glossarium","type-glossarium","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/glossarium\/69238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/glossarium"}],"about":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/types\/glossarium"}],"wp:attachment":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/media?parent=69238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}