bankruptcy

Crime scene
Jul 22 '19 07:58

A 43-year-old Albanian man was found dead in the Amsterdam-Rijnkanaal at Nigtevecht on Friday afternoon. The victim is Festin Lato, the president of the unrecognized republic of Chameria, a region on the border of Albania and Greece that has been fighting for independence for years, De Gelderlander reports based on reports in Albanian media and confirmation from two of Lato's friends.

Cafes on an Amsterdam street
Jun 11 '19 12:20

Hospitality businesses like restaurants and cafes are increasingly prevalent on Dutch shopping streets, as more and more retailers are disappearing from the landscape due to financial problems. The latest business struggling to cope in the Dutch retail scene is Canadian department store chain Hudson's Bay. Only two years after entering the Dutch market, the parent company is looking to cut back, which may include closing stores.

Crowdfunding
Jun 5 '19 13:20

Dozens of small companies that received crowdfunding from commercial platforms in the form of a loan, went bankrupt a short time later, according to a study by investigative journalism platform Investico, Trouw and De Groene Amsterdammer. The companies end up in financial troubles due to the high costs involved in repaying their loans, Trouw writes.

Paiement_euros
May 2 '19 15:10

Economic growth in the Netherlands will slow down this year, and that will affect businesses, according to ABN Amro. The bank's economists expect the Dutch economy to grow by 1.4 percent this year, almost half the growth 2018 saw. And the number of bankruptcies, excluding sole traders, will increase by 10 percent, ABN Amro expects, NU.nl reports.

Intertoys on Damrak in Amsterdam Centrum
Apr 30 '19 15:10

A group of Intertoys franchisers are filing summary proceedings against the toy chain. They believe that the contract they were offered by the recently restarted company is "bad and unbalanced" and does not correspond to basic agreements previously made, Financieele Dagblad reports based on leaked correspondence. 

The franchisers feel compelled to sign this contract, because otherwise they will be cut off from the chain, according to the newspaper. They hope that the court will ensure that they can continue to use Intertoys' IT system, among other things. 

Hudson's Bay opens on the Rokin in Amsterdam, 5 Sept 2017
Apr 12 '19 14:20

The parent company of the Hudson's Bay stores in the Netherlands, Karstadt in Germany, is considering closing stores this year or having the company declared bankrupt, the German WirtschaftsWoche reported based on internal documents on Friday.

Sissy-Boy
Apr 12 '19 13:30

The Sissy-Boy chian was declared bankrupt by the court of Amsterdam on Friday. The company filed for deferment of payment earlier this month. At that time, the company had 45 of its own stores and 600 employees, NU.nl reports.

The group made an attempt to become more profitable last year, by cutting costs and investing in stores. But like with many other retail chains in the Netherlands, Sissy-Boy suffered under a disappointing summer and winter, according to the newspaper. 

FC Twente
Apr 9 '19 12:40

The Enschede city council agreed to a support plan for FC Twente to prevent the football club from going bankrupt. The council agreed to write off part of the municipal loan to the club, and to convert another part of the loan into a subordinated loan on which no interest or repayment has to be paid. The condition to this agreement is that FC Twente returns its youth- and women's teams from Hengelo to Enschede as soon as possible, AD reports.

WOW air
Mar 28 '19 14:40

Icelandic airline WOW air canceled all its planned flights with immediate effect. This includes the daily flight between Amsterdam and Reykjavik. Both the flight to and from Amsterdam on Thursday are listed as canceled on Schiphol's website. 

Intertoys on Damrak in Amsterdam Centrum
Mar 15 '19 14:40

The new owners of toy store chain Intertoys are closing another 60 branches, the company said on Thursday. A total of 150 stores will close, and the group will continue with over 230 stores, around 100 of which are franchises, NU.nl reports.

Intertoys on Damrak in Amsterdam Centrum
Mar 8 '19 13:00

Part of bankrupt toy store chain Intertoys is going to make a new start, the company announced on Friday. Portuguese investor Green Swan is acquiring half of the 286 stores. The others will have to close, NU.nl reports.

Depending on the number of stores that can remain open, between 1 thousand and 1,500 jogs will be retained, a spokesperson for the company said to the newspaper. Intertoys currently has 3,200 employees. At least half of them will be able to keep their jobs, according to the newspaper. At least 91 stores will close by mid-May at the latest. 

Intertoys on Damrak in Amsterdam Centrum
Feb 25 '19 09:04

Crowds of people descended on Intertoys stores throughout the Netherlands over the weekend. As the toy store chain was declared bankrupt on Thursday, Sunday was the last chance customers had to spend their unused gift cards. Customers faced delays both on Saturday and Sunday due to technical problems caused by the crowds, ANP reports.

Intertoys on Damrak in Amsterdam Centrum
Feb 21 '19 16:10

Toy store chain Intertoys was declared bankrupt by the court in Amsterdam on Thursday. The chain's stores will remain open for the time being at the request of the bankruptcy administrators, who are still focusing on a restart for the company, NU.nl reports.

Nerdalize frontpage logo
Jan 2 '19 18:41

Young Dutch startup Nerdalize was founded in 2013 with a plan to warm homes using the heat generated from servers, but the innovative company filed for bankruptcy just before the end of the year. The company raised at least 850 thousand euros in a crowdfunding campaign in 2016 after running a pilot program with energy provider Eneco.

The company raised another 750 thousand euros in a second crowdfunding campaign about a year ago, which led to the company winning the Crowdfunding Award last January.

Stint
Nov 7 '18 11:10

Minister Cora van Nieuwenhuizen of Infrastructure and Water Managements considers it possible that "some form of the Stint" electric cargo bikes will eventually be allowed to ride on Dutch roads again. "But the doubts about safety must be removed", she said during a parliamentary debate on the matter on Tuesday, NU.nl reports.

1280px-Slotervaart_ziekenhuis_Amsterdam_4
Oct 31 '18 16:00

The Dutch Safety Board is launching an investigation into the way in which patient safety was handled after MC Slotervaart in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings were declared bankrupt last week. The Safety Board wants to examine how the interests of the patients were weighed before and during the bankruptcy process, NU.nl reports.

Hospital room
Oct 30 '18 12:40

The St Jansdal Hospital in Hardewijk plans to take over outpatient care in Lelystad, according to a message sent to the staff of the bankrupt MC IJsselmeer hospitals. St Jansdal confirms that there are plans, but that they are not 100 percent certain yet, NOS reports.

Stint
Oct 29 '18 08:30

Stint Urban Mobility, the manufacturer of electric cargo bikes like the one that was involved in a fatal railway accident in Oss last month, is filing for bankruptcy on Monday. "I do not see a way out, now that the government does not want to talk to us about how we can get the Stint back on the road. It's over", director Edwin Renzen said to RTL Nieuws.

Hospital room
Oct 25 '18 16:10

MC Slotervaart in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings were all declared bankrupt on Thursday. The hospitals filed for deferment of payment on Tuesday

Hospital room
Oct 25 '18 12:50

The closure of the hospital in Lelystad would be unacceptable and could lead to life-threatening situations, the province of Flevoland and municipalities in the province said in their response to financial problems facing MC IJsselmeer hospitals. The hospital group applied for deferment of payment on Teusday.

The main establishment of MC IJsselmeer hospitals is located in Lelystad. 

1280px-Slotervaart_ziekenhuis_Amsterdam_4
Oct 23 '18 15:50

The MC Slotervaart hospital in Amsterdam and the MC IJsselmeer hospitals in Lelystad and surroundings filed for deferment of payment. Health insurer Zilveren Kruis and most other health insurers stopped financing for the hospitals. "Bankruptcy may be inevitable", a spokesperson said, NU.nl reports.

The employees and patients of both hospitals will be informed of the current situation on Tuesday. Patient care is guaranteed. "This is a statutory task for health insurers. Patients currently treated in both hospitals can rely on adequate care", the spokesperson said to the newspaper.

450px-Nieuwsteeg_12_te_Hoorn
Sep 5 '18 13:10

Nearly three years after being declared bankrupt, retailer V&D is back, but only as an online store. The online store is focused on the "interests of active over 40 year olds, such as travel, hobbies, health, lifestyle, gardening and fashion", AD reports.

Rotterdam The Hague Airport
Jul 27 '18 13:10

Dutch travel agency FlyOrange is filing for bankruptcy. All FlyOrange flights will be canceled in the coming weeks. This involves dozens of flights from Rotterdam The Hague Airport and Brussels to destinations in Morocco. Hundreds of travelers will be affected, RTL Nieuws reports.

FlyOrange director Roy Smit confirmed to RTL that the company is filing for bankruptcy on Friday. "We are debt-free, but we do not have any assets at this moment because of a payment arrears from our partner Aviatrade." Aviatrade carries out flights for FlyOrange. 

FC Twente
Jun 28 '18 12:40

FC Twente is threatening to file for bankruptcy if the Enschede city council does not stand guarantee for 7 million euros, newspaper Tubantia reported on Thursday. There is not much political willingness to stand guarantee for more money for the football club, sources told the newspaper.

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