{"id":76397,"date":"2026-10-05T17:59:38","date_gmt":"2026-10-05T15:59:38","guid":{"rendered":"https:\/\/tcm.be\/klant-betaalt-niet-wacht-niet-op-het-faillissement\/"},"modified":"2026-10-07T11:22:00","modified_gmt":"2026-10-07T09:22:00","slug":"klant-betaalt-niet-wacht-niet-op-het-faillissement","status":"publish","type":"post","link":"https:\/\/tcm.be\/en\/klant-betaalt-niet-wacht-niet-op-het-faillissement\/","title":{"rendered":"Unpaid Invoice? Act Before Your Customer Goes Bankrupt"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"eager\" decoding=\"async\" width=\"1920\" height=\"1280\" data-id=\"76393\" src=\"https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-1920x1280.jpg\" alt=\"\" class=\"wp-image-76393\" title=\"\" srcset=\"https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-1920x1280-1.jpg 1920w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-900x600.jpg 900w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-768x512.jpg 768w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-1536x1024.jpg 1536w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-2048x1365.jpg 2048w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-480x320.jpg 480w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-640x427.jpg 640w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-720x480.jpg 720w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-960x640.jpg 960w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-1168x779.jpg 1168w, https:\/\/tcm.be\/wp-content\/uploads\/Out-of-Business-1440x960.jpg 1440w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\"  fetchpriority=\"high\"\/><\/figure>\n<\/figure>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<p class=\"wp-block-paragraph\">A late payment may initially seem like a temporary issue. However, when payment arrears start to accumulate and your customer\u2019s financial position deteriorates, an outstanding invoice can quickly turn into a definitive loss.  <em>In a bankruptcy situation, ordinary suppliers usually rank behind creditors with stronger legal rights and securities. By the time bankruptcy is formally declared, creditors are often left with very limited options to improve their position. <\/em> <em>Recent reporting by De Tijd has once again highlighted this risk. In six out of ten closed bankruptcy cases, there were insufficient funds available to even cover the costs of the bankruptcy proceedings. <\/em> <em>The key message is therefore clear: do not wait until your customer goes bankrupt. The sooner an unpaid invoice is professionally followed up, the more options generally remain available to secure payment and protect your position as a creditor. <\/em><\/p>\n\n<h2 class=\"wp-block-heading\"><strong>An Unpaid Invoice Is More Than an Administrative Issue<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">Every unpaid invoice puts pressure on your <a href=\"https:\/\/tcm.be\/en\/glossarium-en\/casflow\/\">cash flow<\/a>.<\/p>\n\n<p class=\"wp-block-paragraph\">Your company has already delivered the goods or performed the agreed services. The related labour, production, transport and operating costs have been incurred, but payment remains outstanding. Meanwhile, your own financial obligations continue as normal.  <\/p>\n\n<p class=\"wp-block-paragraph\">When several customers consistently pay late, this can have a serious impact on your company\u2019s working capital. In B2B environments, a single problematic debtor can significantly affect liquidity. <\/p>\n\n<p class=\"wp-block-paragraph\">Professional receivables management is therefore much more than an administrative task. It is an essential part of financial risk management. <\/p>\n\n<h2 class=\"wp-block-heading\"><strong>How Can You Identify a High-Risk Customer Before It Is Too Late?<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">Bankruptcy rarely comes completely out of the blue. In many cases, warning signs have been visible for some time, indicating that a business is under financial pressure. <\/p>\n\n<p class=\"wp-block-paragraph\">However, creditors often wait too long. They assume payment will arrive \u201cnext week\u201d or that the debtor is merely experiencing a temporary cash flow problem. As a result, valuable time is lost and recovery options gradually diminish.  <\/p>\n\n<p class=\"wp-block-paragraph\">Pay particular attention to the following warning signs:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>invoices are being paid increasingly late;<\/li>\n\n\n\n<li>previously agreed payment arrangements are not being honoured;<\/li>\n\n\n\n<li>the customer repeatedly requests additional payment extensions;<\/li>\n\n\n\n<li>contact persons stop responding to emails or phone calls;<\/li>\n\n\n\n<li>de klant vraagt plots om een afbetalingsplan;<\/li>\n\n\n\n<li>email addresses are no longer active or appear to be incorrect;<\/li>\n\n\n\n<li>the customer continues placing new orders while older invoices remain unpaid;<\/li>\n\n\n\n<li>there are frequent changes in management or company structure;<\/li>\n\n\n\n<li>annual accounts are filed late or not filed at all;<\/li>\n\n\n\n<li>the registered company address has been administratively struck off.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">No single indicator proves that bankruptcy is imminent. However, the more warning signs accumulate, the greater the risk that a temporary payment issue will evolve into a structural financial problem. <\/p>\n\n<p class=\"wp-block-paragraph\">Professional credit managers therefore do not wait until a customer is declared bankrupt. They take action as soon as payment arrears become structural. At that stage, recovery prospects are usually still at their highest.  <\/p>\n\n<h2 class=\"wp-block-heading\"><strong>What Happens to Your Invoice If Your Customer Goes Bankrupt?<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">Once a customer is declared bankrupt, you can no longer recover the outstanding invoice through normal collection procedures. The court appoints a bankruptcy trustee, who administers the bankruptcy estate. The trustee identifies the company\u2019s assets, sells them where necessary and distributes the proceeds among creditors in accordance with the applicable legal ranking.  <\/p>\n\n<p class=\"wp-block-paragraph\">As a supplier or service provider, you become a creditor in the bankruptcy proceedings. Your claim must be filed correctly and within the applicable deadlines. <\/p>\n\n<p class=\"wp-block-paragraph\">Creditors holding security rights or statutory preferences may enjoy a stronger position than ordinary unsecured creditors. In practice, ordinary suppliers often recover only part of their claim, if anything at all. <\/p>\n\n<p class=\"wp-block-paragraph\">This is why the distinction between acting before and after bankruptcy is so important:<\/p>\n\n<p class=\"wp-block-paragraph\">Before bankruptcy, you can still negotiate, arrange payment plans, seek additional security or initiate recovery action. After bankruptcy, recovery largely depends on the insolvency procedure, your ranking and the remaining assets. <\/p>\n\n<h2 class=\"wp-block-heading\"><strong>Judicial Reorganisation: An Important Warning Signal<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">A customer does not need to be bankrupt to experience serious financial difficulties. A <a href=\"https:\/\/tcm.be\/en\/glossarium-en\/judicial-reorganisation\/\">judicial reorganisation procedure<\/a> is an important warning sign. <\/p>\n\n<p class=\"wp-block-paragraph\">Through judicial reorganisation, a company attempts to preserve all or part of its business activities. During this period, the company benefits from temporary protection against its creditors while working on a reorganisation plan, amicable settlement or court-supervised transfer. <\/p>\n\n<p class=\"wp-block-paragraph\">A judicial reorganisation does not automatically mean that bankruptcy will follow. It does, however, confirm that the company is facing financial difficulties and that your normal recovery options may be temporarily restricted by law. <\/p>\n\n<p class=\"wp-block-paragraph\">As a creditor, passive observation is rarely a sensible strategy. It is important to: <\/p>\n\n<ul class=\"wp-block-list\">\n<li>verify whether your claim has been correctly included;<\/li>\n\n\n\n<li>monitor the applicable deadlines carefully;<\/li>\n\n\n\n<li>assess the proposed reorganisation plan;<\/li>\n\n\n\n<li>evaluate the impact of the plan on your claim;<\/li>\n\n\n\n<li>continue monitoring the implementation of the plan.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">If a claim is not properly included in the procedure, there is a risk that it may not be taken into account in the repayment plan. Even after court approval, ongoing monitoring remains essential to ensure that the plan is effectively implemented. <\/p>\n\n<p class=\"wp-block-paragraph\">Important: the protection granted by a judicial reorganisation generally only applies to debts that arose before the opening of the procedure. Invoices relating to goods or services supplied afterwards must still be paid correctly and on time to the creditor. <\/p>\n\n<h2 class=\"wp-block-heading\"><strong>RegSol: Properly Filing and Monitoring Your Claimn<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">Belgian bankruptcies and judicial reorganisations are managed digitally through <strong><a href=\"https:\/\/tcm.be\/en\/glossarium-en\/regsol\/\">RegSol<\/a><\/strong>, the Central Solvency Register.<\/p>\n\n<p class=\"wp-block-paragraph\">Creditors, debtors, legal representatives and other interested parties can use RegSol to monitor bankruptcy files, judicial reorganisations, court-supervised transfers and certain amicable settlements. <\/p>\n\n<p class=\"wp-block-paragraph\">Filing a claim is more than a mere administrative formality. The claim must be properly documented, supporting evidence must be submitted and the procedure must be actively monitored afterwards. Only during the verification of claims does it become clear whether, and to what extent, the trustee accepts the claim. This decision is recorded in the verification report.   <\/p>\n\n<p class=\"wp-block-paragraph\">TCM Belgium can assist with filing and monitoring your claim, ensuring that supporting documents, deadlines and procedural developments are professionally managed.TCM Belgium kan de aangifte en verdere opvolging van uw schuldvordering verzorgen. Zo worden de relevante bewijsstukken, termijnen en procedurele ontwikkelingen centraal bewaakt en hoeft uw eigen administratie het volledige traject niet zelf te beheren. <\/p>\n\n<h2 class=\"wp-block-heading\"><strong>JustRestart: relevant bij een collectieve schuldenregeling<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\"><strong>JustRestart<\/strong> should not be confused with RegSol.<\/p>\n\n<p class=\"wp-block-paragraph\">While RegSol focuses on business insolvency procedures, JustRestart is the central platform for c<a href=\"https:\/\/tcm.be\/en\/glossarium-en\/collective-debt-settlement\/\">ollective debt settlement procedures<\/a> involving private individuals. The platform supports cases where an individual facing excessive debt seeks legal protection and, upon court approval, is assigned a debt mediator. <\/p>\n\n<p class=\"wp-block-paragraph\">This distinction is important for businesses dealing with both corporate and private debtors:cheid is belangrijk voor ondernemingen met zowel zakelijke als particuliere debiteuren:<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/tcm.be\/en\/glossarium-en\/regsol\/\">RegSol<\/a><\/strong> is relevant voor onder meer faillissementen en gerechtelijke reorganisaties van ondernemingen;<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/tcm.be\/en\/glossarium-en\/justrestart\/\">JustRestart<\/a><\/strong> is relevant voor collectieve schuldenregelingen van natuurlijke personen.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">In both situations, creditors must actively safeguard their rights. The opening of a debt settlement or insolvency procedure does not automatically guarantee that your claim will be properly followed up <\/p>\n\n<h2 class=\"wp-block-heading\"><strong>Retention of Title: Avoid Joining the Queue of Ordinary Creditors<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">Suppliers may strengthen their legal position through a properly drafted <strong><a href=\"https:\/\/tcm.be\/en\/glossarium-en\/eigendomsvoorbehoud\/\">retention of title clause.<\/a><\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">Such a<a href=\"https:\/\/tcm.be\/en\/general-sales-conditions-the-essential\/\"> clause <\/a>ensures that ownership of the delivered goods remains with the supplier until full payment has been received. This can be particularly valuable wh\u00e9n a customer becomes insolvent while the goods are still identifiable and recoverable. <\/p>\n\n<p class=\"wp-block-paragraph\">However, a retention of title clause does not offer automatic protection. It must be validly agreed upon and enforceable. It is also necessary to determine:  <\/p>\n\n<ul class=\"wp-block-list\">\n<li>whether the general terms and conditions were validly accepted;<\/li>\n\n\n\n<li>whether the goods remain identifiable;<\/li>\n\n\n\n<li>whether the goods have been processed, mixed or resold;<\/li>\n\n\n\n<li>which formalities and deadlines apply;<\/li>\n\n\n\n<li>what actions can still be taken within the insolvency procedure.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">In insolvency matters, timing is critical. <\/p>\n\n<p class=\"wp-block-paragraph\">Delaying action may not only jeopardise payment but also the opportunity to reclaim the supplied goods.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>The Belgian Pledge Act and the Pledge Register Can Strengthen Your Position<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">The<strong> <a href=\"https:\/\/tcm.be\/en\/the-law-on-securities-pledge-law-and-retention-of-title\/\">Belgian Pledge Act<\/a> <\/strong>has reinforced the legal framework surrounding retention of title. As a result, retention of title can offer protection not only in bankruptcy situations, but also in cases involving attachment proceedings, liquidation and other insolvency scenarios. <\/p>\n\n<p class=\"wp-block-paragraph\">Registration of a retention of title clause in <strong><a href=\"https:\/\/tcm.be\/en\/glossarium-en\/pandregister\/\">the Pledge Register<\/a> <\/strong>is not always mandatory, but it can strengthen the supplier\u2019s position considerably. In some situations, such registration is even required.  <\/p>\n\n<p class=\"wp-block-paragraph\">The key lesson is that protection must be organised in advance. Once bankruptcy or judicial reorganisation proceedings are underway, it is often too late to remedy missing contractual safeguards. <\/p>\n\n<p class=\"wp-block-paragraph\">Strong credit management therefore begins long before the first payment reminder is sent. It starts with robust contracts, sound terms and conditions, and appropriate security arrangements. <\/p>\n\n<p class=\"wp-block-paragraph\">Check<a href=\"https:\/\/tcm.be\/en\/the-law-on-securities-pledge-law-and-retention-of-title\/\" target=\"_blank\" rel=\"noopener\"> <strong>this article<\/strong> <\/a>for more info.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>Why Fast Action Improves Recovery Prospects<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">A late payment does not automatically mean that a customer is unwilling or unable to pay.<\/p>\n\n<p class=\"wp-block-paragraph\">The reason may be relatively straightforward:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>the invoice was not received (less common in Belgium due to <a href=\"https:\/\/tcm.be\/en\/the-pros-and-cons-of-peppol-and-its-impact-on-the-collection-process\/\"><strong>Peppol<\/strong>)<\/a>;<\/li>\n\n\n\n<li>a purchase order number or internal reference is missing;<\/li>\n\n\n\n<li>the invoice is awaiting approval;<\/li>\n\n\n\n<li>a dispute has arisen;<\/li>\n\n\n\n<li>the customer is experiencing temporary liquidity issues.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">Maar elke dag dat een factuur onbetaald blijft, verhoogt wel het risico. Documenten raken verspreid, contactpersonen veranderen, betwistingen verharden en de financi\u00eble toestand van de schuldenaar kan verder verslechteren. <\/p>\n\n<p class=\"wp-block-paragraph\">Professional intervention at an early stage offers two important advantages. It increases the likelihood of an amicable settlement and helps determine more quickly whether the issue is administrative, substantive or financial in nature. <\/p>\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/tcm.be\/en\/unpaid-invoices-the-essence-in-1-hour\/\">Personal contact <\/a><\/strong>is also one of the most effective ways to move a case forward. Direct discussions with the debtor often reveal the real reason behind the delay and create opportunities to find a solution before matters escalate.  <\/p>\n\n<p class=\"wp-block-paragraph\">With more than 30 years of experience, TCM Belgium knows when a constructive dialogue is appropriate and when a firmer approach becomes necessary. Acting quickly, professionally and personally often allows issues to be resolved before they evolve into judicial reorganisation or bankruptcy. <\/p>\n\n<p class=\"wp-block-paragraph\">The sooner you act, the more options remain available and the greater the chance of successful recovery.Hoe vroeger u handelt, hoe meer opties er doorgaans nog op tafel liggen.<\/p>\n\n<h2 class=\"wp-block-heading\"><strong>International Bankruptcies Require Local Expertise<\/strong><\/h2>\n\n<p class=\"wp-block-paragraph\">International insolvency cases are considerably more complex.<\/p>\n\n<p class=\"wp-block-paragraph\">Insolvency laws, filing requirements, deadlines and creditor rankings vary significantly from country to country. It is also essential to determine the exact legal entity with which you contracted. <\/p>\n\n<p class=\"wp-block-paragraph\">For example, a Belgian subsidiary can be declared bankrupt independently, whereas a Belgian branch office forms part of the foreign parent company. In such situations, creditors may need to file their claim in the foreign insolvency proceedings of the parent company. <\/p>\n\n<p class=\"wp-block-paragraph\">Dividend payments in international insolvencies are often limited. However, that does not mean foreign claims should automatically be written off. Without proper local follow-up, deadlines may expire, claims may be incorrectly filed and opportunities may be missed.  <\/p>\n\n<p class=\"wp-block-paragraph\">For this reason, international insolvency matters are generally best handled by local lawyers or specialised insolvency professionals familiar with:<\/p>\n\n<ul class=\"wp-block-list\">\n<li>national insolvency law;<\/li>\n\n\n\n<li>the competent courts;<\/li>\n\n\n\n<li>trustee practices;<\/li>\n\n\n\n<li>local claim filing procedures;<\/li>\n\n\n\n<li>applicable deadlines;<\/li>\n\n\n\n<li>documentary requirements;<\/li>\n\n\n\n<li>local language and business customs;<\/li>\n\n\n\n<li>available security rights and creditor protections.<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">Through its international network, TCM Belgium works with specialised local partners in more than 150 countries, ensuring that claims are handled by professionals who understand the local legal framework. <\/p>\n\n<p class=\"wp-block-paragraph\">This gives you a single point of contact while ensuring that your case is handled locally and efficiently. <\/p>\n\n<p class=\"wp-block-paragraph\">Are you dealing with an unpaid invoice, a debtor under judicial reorganisation, a bankrupt customer or an international insolvency procedure? TCM Belgium provides professional and centralised support in Belgium and through the TCM Group network in more than 150 countries. <a href=\"https:\/\/tcm.be\/en\/contact-us\/\"><strong>Contact us<\/strong> <\/a>to learn how we can help protect your recovery prospects!<\/p>\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n<h1 class=\"wp-block-heading\">FAQ<\/h1>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>What happens to my outstanding invoice if my customer goes bankrupt?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">Your invoice becomes a claim in the bankruptcy proceedings. You must file your claim correctly and within the applicable deadlines. Whether you ultimately recover any amount depends on the available assets, the ranking of your claim, any security rights and the rights of other creditors..  <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>How do I file a claim in a bankruptcy proceeding?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">In Belgium, claims against a bankrupt company are filed electronically through RegSol. The claim must be properly documented and supported by the necessary evidence. Once filed, the claim should be actively monitored throughout the bankruptcy proceedings.  <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>What are my chances of recovering the outstanding debt?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">This varies from one bankruptcy to another. Recovery prospects depend on the available assets, the company&#8217;s overall indebtedness, the ranking of your claim and any securities or privileges you may hold. Ordinary unsecured creditors often face the highest risk of receiving only a partial payment or no payment at all.  <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>hat is the difference between bankruptcy and judicial reorganisation?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">In a bankruptcy proceeding, the company&#8217;s assets are liquidated under the supervision of a court-appointed trustee. A judicial reorganisation is aimed at preserving all or part of the business and may result in a reorganisation plan, an amicable settlement or a court-supervised transfer of the business. <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Can I still recover my outstanding invoice if my customer is under judicial reorganisation?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">Yes, although your usual recovery options may be restricted. It is important to monitor the proceedings, assess the proposed reorganisation plan, comply with any applicable deadlines and follow up on the implementation of the plan. In addition, invoices relating to goods or services supplied after the opening of the procedure should generally be paid in full and on time.  <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>What is RegSol?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">RegSol is Belgium\u2019s central insolvency register for businesses. It is used to manage and monitor bankruptcy proceedings, judicial reorganisations and court-supervised transfers. Creditors can also file their claims and track the handling of those claims through the platform.  <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>What is JustRestart?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">JustRestart is the central platform for collective debt settlement procedures involving private individuals. Creditors can register their claims and monitor the progress of the debt settlement procedure. It should not be confused with RegSol, which relates to business insolvency proceedings.  <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Does a retention of title clause protect me in the event of bankruptcy?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">A properly drafted and enforceable retention of title clause can strengthen your position as a supplier. The level of protection depends on various factors, including the wording of the clause, its enforceability, the location and condition of the goods, and how quickly the supplier takes action. <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Does a retention of title clause need to be registered in the Belgian Pledge Register?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">Registration is not always mandatory, but it can significantly strengthen the supplier\u2019s position. In certain situations, such as where goods have become incorporated into other assets, registration may be required in order to preserve specific rights. <\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Can I still recover a debt if a foreign customer goes bankrupt?<\/strong><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">That depends on the available assets, the applicable insolvency laws, the ranking of your claim and any securities you may hold. Timely action by a local insolvency specialist or lawyer can help ensure that filing deadlines are respected and that your rights are properly exercised in the foreign insolvency proceedings. <\/p>\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Has your customer encountered payment difficulties, applied for judicial reorganisation, or filed for bankruptcy? Then one crucial question arises: can you still recover your outstanding invoice? <\/p>\n<p>  <\/p>\n","protected":false},"author":12,"featured_media":76400,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_xspeed_no_cache":false,"_xspeed_expiry_hours":0,"footnotes":""},"categories":[82,68,1],"tags":[220,221,222,223,224,225,226,227,196,228,229,230,108],"class_list":["post-76397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news","category-ongecategoriseerd","tag-collectieve-schuldenregeling","tag-eigendomsvoorbehoud","tag-faillissementsprocedure","tag-gerechtelijke-reorganisatie","tag-incasso","tag-insolventie","tag-internationale-incasso","tag-kredietbeheer","tag-onbetaalde-factuur","tag-pandwet","tag-schuldinvordering","tag-schuldvordering","tag-tcm-belgium"],"_links":{"self":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/posts\/76397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/comments?post=76397"}],"version-history":[{"count":5,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/posts\/76397\/revisions"}],"predecessor-version":[{"id":76427,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/posts\/76397\/revisions\/76427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/media\/76400"}],"wp:attachment":[{"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/media?parent=76397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/categories?post=76397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tcm.be\/en\/wp-json\/wp\/v2\/tags?post=76397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}