Insolvency specialist Dominique De Marez believes that bankruptcy is the most likely outcome for Van Hool. This process would involve the sale of viable parts of the company without associated debts, providing protection from creditors for a period of time. Despite Zwaneveld’s efforts, bankruptcy seems inevitable due to Van Hool’s heavy debt. The company needs fresh capital to avoid this outcome, but finding investors willing to provide the necessary funds has proven to be a challenge.

As the deadline approaches, Zwaaneveld is preparing for Plan B, which involves trying to sell Van Hool without existing debts. However, if no resolution is reached by 12 o’clock today, Van Hull’s board of directors will consider the family’s response on Monday. The financial situation in Van Hool is still difficult, with debts of around 300 million to banks and NSSO. Zwaaneveld’s original transformation plan called for 95 million euros in fresh capital to save the company, but the actual amount needed may be higher. Ultimately, the decision to pursue a managed bankruptcy may result in reduced severance pay for employees and financial losses for various stakeholders.

Despite Zwaaneveld’s efforts, bankruptcy seems inevitable due to Van Hool’s heavy debt. The company needs fresh capital to avoid this outcome, but finding investors willing to provide the necessary funds has proven to be a challenge. In addition, a family dispute in the Van Hool family over shares further complicates the situation. As Van Hull’s fate hangs in the balance, the question of whether the board acted in the best interests of employees will undoubtedly come into focus. The potential impact on the company’s 2500 employees is a significant concern

By Samantha Johnson

As a dedicated content writer at newspuk.com, I immerse myself in the art of storytelling through words. With a keen eye for detail and a passion for crafting engaging narratives, I strive to captivate our audience with each piece I create. Whether I'm covering breaking news, delving into feature articles, or exploring thought-provoking editorials, my goal remains constant: to inform, entertain, and inspire through the power of writing. Join me on this journalistic journey as we navigate through the ever-evolving media landscape together.

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