• Accounting - Management - Finance
  • CalendarTo be calculated
  • Time1 minutes - 2 hour(s)
  • 1 SUR 6
court hammer
infoTheoretical penalty(s) of non-compliance subject to the judge's discretion and, where applicable, to certain conditions
  • 1 Prohibition to managecourt hammer
    infoProhibition to manage
  • 1 Damage to reputationcourt hammer
    infoRisk of inconsistency with company values - Responsible Governance
court hammer
infoPositive consequence(s) for the company thanks to its compliance
  • 1 Reputation gaincourt hammer
    infoImproved consistency with the 'RESPONSIBLE GOVERNANCE' value

Declaration of cessation of payment receivership


Scope of application

Any enterprise, natural person or company, in cessation of payments, i.e. which is unable to meet its current liabilities with its available liabilities.

Description

Any legal or natural person in cessation of payments must declare this situation to the court within forty-five (45) days of its occurrence, unless the company requests, during this period, the opening of a conciliation procedure.

A receivership procedure is instituted open to any debtor mentioned in articles L. 631-2 or L. 631-3 who, unable to meet the liabilities due with his available assets, is in default of payments. A debtor who establishes that the credit reserves or moratoriums from which he benefits from his creditors allows him to meet the liabilities due with his available assets is not in default of payments.

Authority

Commercial court

Responsible(s)

Représentant légal de l'entreprise


Code of mercantile law - L631-4

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