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1 results

  • 6 - Cessie van Goede

  • from Part III - Insolvents
  • Maurits den Hollander, Tilburg University
  • Book:
    Court, Credit, and Capital
    Published online:
    24 November 2025
    Print publication:
    16 October 2025, pp 216-250

  • Summary

    This chapter describes the procedure for cessie van goede (L. cessio bonorum), the legal solution utilized by the majority of insolvents in seventeenth-century Amsterdam. It is based upon a qualitative analysis of more than 250 unique cases. Even though the local authorities vigilantly guarded their power to approve or deny the granting of cessie to their citizens after consulting the creditors involved, it was very rarely denied in practice. Cessie allowed an insolvent to escape debt imprisonment, in exchange for handing over all his or her possessions to be sold for the benefit of the creditors. The identity of the applicants for cessie will be analyzed in contrast with the characteristics of the accord population that was discussed in Chapter 5 of this book. The main factors that were provided by the applicants as an explanation for their financial demise are categorized and critically examined. It will be shown that through cessie van goede, many Amsterdam insolvents gathered sufficient trust and reputation to attempt to restart their businesses.