Restartup Netherlands

It goes without saying that bankruptcy is one of the most stressful legal and financial processes experienced by entrepreneurs. Not only is it a visible indication of the failure of your venture, but it can also have long term implications for your financial stability and mental health. Unfortunately, the information available to business owners regarding the bankruptcy process is fragmented, incomplete and confusing. Additionally, access to legal counsel, is wildly expensive. As a result, entrepreneurs find it difficult to understand their legal position; leading to poorer outcomes, accusations of mismanagement and personal financial liability. Unsurprisingly, many who go through this process are so discouraged that they quit as entrepreneurs, damaging Amsterdam’s startup ecosystem. To address this challenge, StartupAmsterdam and The Amsterdam Law Hub developed Restart Up, a one-stop information shop to support startup founders before, during and after bankruptcy. RestartUp centralizes and clarifies bankruptcy information through legal design, as well as automating the knowledge delivery so that access can be granted for free.