Pink Floyd's album protagonist Pink is attempting to connect with anyone outside of his self-imposed isolation by repeatedly asking "Is there anybody out there?". However, he receives no response, suggesting he remains alone with his thoughts. The presentation discusses experiences with companies that declared bankruptcy and the consequences for entrepreneurs. No support services exist for this vulnerable group, who often struggle with poverty, health issues, and social exclusion after bankruptcy. Barriers to restarting their careers include damaged credibility, lack of banking services, and the stigma of past failure. The document maps problems faced by self-employed individuals after bankruptcy. Many become hopelessly stuck in poverty and immobilization due to unfinished bankruptcy procedures, psychological distress, and difficulty accessing

1. Is there anybody
out there ?
Corinne Reynders

3. At this point in the plot, the
album's protagonist, Pink is
attempting to reach anybody
outside of his self-built wall.
The repeated question "Is there
anybody out there?" suggests
that no response is heard.
Pink Floyd

4. This presentation is about
• Our experiences with companies and people
who went bankrupt
• Consequences of failure not acknowledged
• Obstacles were never displayed
• No services are provided for this target
group
• My duty to expose this today

5. Intermediate Step
Entrepreneurs at a crossroads

7. Tussenstap =
Expert center for companies in difficulties
 At different stages of the problem
• Before Bankruptcy :
 How to save the company?
 Business Emergency Treatment
 Legal interventions (chapter 11)
• During Bankruptcy :
 Rights Crisis
 FAQ
• After Bankruptcy
 Human level
 Legal level 1 3 4
2 5
6
Prevention Recovery

8. {

9. {

10. number Year
of
bankrupt 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
cies
Location of
the
company
Flemish
Region 3.694 4.021 4.168 4.329 4.154 3.893 3.992 4.273 4.983 4.918 4.908
Brussels-
Capital 1.253 1.211 1.248 1.291 1.388 1.501 1.485 1.813 1.788 1.915 2.348
Region
Walloon
2.147 1.990 2.177 2.315 2.336 2.222 2.201 2.390 2.649 2.737 2.968
Region
BELGIUM 7.094 7.222 7.593 7.935 7.878 7.616 7.678 8.476 9.420 9.570 10.224

11. ”Success is standing up
once more”.
Robert Anthony

13. Intake
History of
Financial
the
situation
bankruptcy
Tussenstap
Orientation1
Aspirations Arrangements
for the PDP with the
future receiver
Orientation2
No access to
Business Alternatives finance
concept/idea in finance Job
employee
Synthesis
Compose a
PAP dossier for
financial
access

14. Intake
Orientation 1
Orientation 2
Synthesis

15. Outcome after orientation proces
350
314 314
300
250
200
168
150
106
100
50 37
3
0
Onderne
men
synthese Syntra VL VDAB (leeg) Totaal
werkt
OW
Aantal 314 106 37 168 3 314
% 100.00% 33.80% 11.80% 53.50% 1.00% 100.00%

16. Bottlenecks for access to credit
 Damaged credibility:
 identification of the entrepreneur with his business
 Damaged credibility as manager:
 banks refuse to open current account, being
blacklisted haunts many entrepreneurs for many years
 Social stigma :
 unfounded suspicion of fraud
 During bankruptcy:
 receiver’s decisions affect property and income
 After bankruptcy:
 start from scratch or even worse. Uncertainty about
remaining / standing debts after bankruptcy.

17. Problems mapped
Poverty follows Immobilization by
bankruptcy bankruptcy procedure
Psychological
processing crashes by
After bankruptcy some lack of appropriate care
entrepreneurs get stuck
Lack of minimal
banking service
Health problems
neglected
Access to professional
activity troubled

18. After bancruptcy
most self-employed
get hopelessly stuck
Poverty follows
bankruptcy
Unfinished Psychological Health problems
Difficult opening of
bankruptcy causes grieving process enhance social
bank account
troubles crashes exclusion
Unpredictability of Presumption of
Long term stress
terms and Damaged self-image financial
undermines health
outstanding debts incompetence
Tendency to 60% of the Flemish
High need for free Failed often lack
withdraw, fear of perceive failed as
advice health insurance
government fraudsters
Helplessness Bankrupts are Small businesses
Unreachability and
positioned at unprofitable higly depend on
immobility
curator and Justice customers few persons

19. 1. No continuation of the reintegration project:
• provide no help to find out which is the
Is next step in his/her carrier
there 2. Non (or poor) access to finance
any-
3. Graydon :
body 3,5 till 9 years before they restart
out
4. No multiproblem approach is
there provided, although the indications are obvious
?

20. THANK YOU FOR
YOUR ATTENTION
CORINNE Reynders
professional coach
project coordinator