Insolvency Proceedings

Businesses regularly face challenges, some of which can be more significant. These may arise from a temporary or seasonal cash flow shortfall, a dispute, or difficulties with a client or supplier. Internal disagreements between partners can also be a cause.
Certain provisions of the Civil Code or the Commercial Code may help your company navigate these difficult times. Payment deferrals can be negotiated, and an ad hoc mandate or conciliation procedure can be initiated. These often confidential procedures are valuable tools. There are also mediation and appeal mechanisms available for dealing with tax authorities or social security agencies (URSSAF).

A company may face more severe or advanced difficulties. The Commercial Code provides for different types of insolvency proceedings, depending on whether or not the company is in a state of payment cessation.

Insolvency proceedings do not necessarily mean the liquidation of a company’s assets. A sale plan may be arranged, or assets may be sold through private agreements with the authorization of the supervising judge. Our firm assists you throughout these processes: helping you access and analyze data related to the assets being sold or the distressed company, structuring a solid offer, managing interactions with insolvency bodies and the court, and supporting you in hearings and meetings necessary to finalize your project.