Jan's reign was a low point for the bishopric of Utrecht. It was characterised by financial abuses and nepotism on a large scale. Upon taking office, Jan immediately inherited a large debt from his predecessors. Jan made the situation even worse through the purchase of goods in the Oversticht. Not only did the local nobility profit from this, but the counts of Holland and Guelders also saw their chances. They lend the bishop large amounts of money, which made the bishop completely dependent on them. In 1331 the counts of Holland and Guelders signed an agreement where they would divide the lands of the bishopric amongst themselves. William III threatened to take over the Nedersticht, and it was only because of the resistance of its citizens that the independence of the bishopric was maintained.