Appointed by the President of the Court with an ad hoc mandate whose terms depend on the type of mission conferred (i.e., assistance for general prevention measures but can also be more limited such a [..]

Reorganisation plan transferring all or parts of the business to a third party, in return for an amount determined by the Court. Haut de page [..]

Jurisdiction competent in hearing disputes concerning employees. Judicial liquidation :

Mandated by the Courts to verify the debt, represent the creditors (including the employees) and in the event of a judicial liquidation, to realise the assets and recover the claims in order to distri [..]

In Roman law, the “fallere” was the deceiver, the one who had intentionally misled a penniless debtor, even his creditors. Hence the origin of the French word ‘faillite”. [..]

Court intervention as a result of placing the company in Safeguard, Receivership or Judicial Liquidation, staying all court action on the part of individual creditors and ensuring a group approach to [..]

Partial or total sale of a business which, if in receivership, is decided by the Court upon completion of the observation period. Continuation plan :

The action that the owner of movable property used or in the possession of the company placed in Safeguard, Receivership or Liquidation must undertake to assert his rights. [..]

Ordinary creditor who does not benefit from any special ranking or privilege in the payment of his claims. Haut de page [..]

Everyday expression originating from an 1848 law which required the debtor in payment default « to declare his situation before the Court Clerk, accompanied with his « dépôt de bilan (deposit of docum [..]