What is the Central Register of Solvency?
The Central Register of Solvency is a digital platform for insolvency files.
Courts (judges, examining magistrates, delegated judges, and registrars), curators, debtors and creditors can create, store, sign and exchange the most important documents of an insolvency file online.
The Central Register of Solvency, RegSol, is managed by the Communal Bar Association of Belgium, namely the Orde van Vlaamse Balies (OVB) and l’Ordre des Barreaux Francophones et Germanophone (OBFG).
Use of the Register presupposes acceptance of the terms of usage.You can find the terms of usage by clicking on ‘terms of usage’ at the bottom right of the homepage or here.
The Register is an authentic source of data. The Register:
- Digitises the paper insolvency files that have been submitted to the corporate courts.
- Digitises the declarations of bankruptcy, the requests for judicial reorganisation proceedings, and the debt claims submissions. Allows amicable settlements concluded outside the judicial reorganisation proceedings to be uploaded.
- Facilitates communication between all actors in the insolvency file.
- Provides access to the insolvency file, as provided for by law, to all possible parties involved in the insolvency proceedings.
RegSol consists of two separate sections:
- The private section (www.private.regsol.be), in which the files are managed and in which judges, examining magistrates, delegated judges, registrars, and curators perform their duties.
- The public section (www.regsol.be), in which:
- debtors or their attorneys can submit their declarations of bankruptcy or requests for judicial reorganisation proceedings;
- creditors can submit and follow up on their debt claims;
- all parties concerned may request access to an insolvency file;
- amicable settlements outside the judicial reorganisation proceedings can be uploaded.
>See the FAQ for the public section
By deploying user groups and steering committees, the DPA-RegSol administrators have a perfect feel for the needs of all these users and the functionalities of the Register are regularly improved and expanded.
Within which legal framework does DPA-RegSol operate?
Bankruptcy Law of 1 December 2016 and Book XX Insolvency of Enterprises (Law of 11 August 2017)
Pursuant to the Law of 1 December 2016, the existing Belgian insolvency legislation was amended and since then, the settlement of the bankruptcy file has taken place electronically via DPA-RegSol.
Pursuant to the Law of 11 August 2017, with the introduction of Book XX in the Economic Law Code (WER), the Register was further expanded as from 1 May 2018 and the following functions were included:
- the digital submitting of the bankruptcy declaration and the complete legal settlement of the bankruptcy;
- the digital submitting of the amicable settlement concluded between a number of parties, outside the court and any proceedings;
- the digital request for judicial reorganisation proceedings (amicable settlement, collective agreement, or transfer) and the complete procedural settlement.