Temporary relief The objective of a moratorium (‘suspension of payment’) is reorganization. In many cases, however, it is the first step towards bankruptcy. The most important benefit of a moratorium is that the debtor is given temporary relief against pressing creditors in order to reorganize and continue in business and ultimately to satisfy creditors’ claims.… Continue reading A MORATORIUM OF PAYMENT IN ARUBA AND THE NETHERLANDS ANTILLES
LAWYERS // TAX ATTORNEYS // ARUBA – BONAIRE – CURAÇAO – ST. MAARTEN