Section 10 Debt Agreement

A debt agreement is a legally binding agreement between you and your creditors, on which no interest is collected, which allows you to repay your debts over a certain period of time with a fixed payment plan calculated in such a way as to match what you can afford. A debtor typically uses a private insolvency contract for: ASAs do not have a cap on income or debt levels. Only immovable property included in the private insolvency agreement is concerned. Assets not included in the agreement are not available to creditors. The debtor is only obliged to contribute to part of his income if the agreement contains conditions which oblige him to do so. Where applicable, the debtor pays the same type of contribution on the income he would pay if he were bankrupt. . . .


Working Agreement Draft

Non-compete obligation (or non-competition obligation): A non-competition obligation prevents the employee from working for direct competitors of the company during and after the end of his employment relationship. Non-compete obligations generally apply for a certain period after termination and must meet certain requirements that must be applied. B for example, restriction to an appropriate geographical […]