Collective Debt Settlement is a Belgian legal procedure in which debtors can resort to a complete or partial debt remission while taking a fresh start. Aginco has been commissioned by the Community Bar Associations OVB and OBFG to build a secure cloud-based platform for the collective debt management procedure, which will considerably boost the processes' transparency and efficiency.


Until recently, Belgian insolvency files were handled on paper. All parties involved in the legal handling of insolvency files (such as bankruptcies, judicial reorganisation procedures,...) had to go through the registry of the court of commerce to access and provide information on a given file.