1.Your staff and hired freelancers are the most important fixed costs you have as an entrepreneur. Make those fixed costs your priority # 1.
2. Make use of the arrangements that the banks and tax authorities have offered you. Postpone loan and mortgage payments by three months. Slide your payments of Sales Tax, Payroll Tax and Social Security Contributions forward in time.
3. If possible, spread the remaining cash in the company over three months. Make a forecast. Budget your expenses!
4. If you are unable to continue your business, I would advise you to rather put the company on idle for a while rather than declare a bankruptcy. In the event of bankruptcy, the assets that the company still has are sold. If not active, you are free to start over when things have grown better.
5. Help each other as MKB entrepreneurs of Curacao. Pay all local invoices as much as possible. Include these invoices, if possible, in your budget.