France – main insolvency proceedings

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Presentation transcript:

France – main insolvency proceedings Out-of-court agreement with creditors Amicable proceedings Mandat ad hoc Recognition of the agreement If the debtor company is not insolvent Conciliation proceedings Certification of the agreement Safeguard proceedings Observation period (up to 18 months) Safeguard plan Judicial proceedings Continuation plan If the debtor company is insolvent Reorganisation proceedings Observation period (up to 18 months) Sale plan Failure Liquidation proceedings Partial sale Possible temporary continuation of the business (up to 6 months) Liquidation proceedings Total sale

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