Collective procedures for companies with financial difficulties in French Law

Abstract

This lecture deals with the bankruptcy proceedings of private companies under French law; in particular, it analyses how to restore the management of the company or decide on its liquidation, a subject of great interest insofar as it makes it possible to re-establish the economic situation of private companies in financial difficulties, with regard to the jobs and commitments undertaken by the company. In addition, it describes the various stages of the judicial procedure that enables these subjects to restore their economic situation, thus protecting jobs, the interests of creditors and the interests of the national economy. It also analyses the fact that, when such attempts fail, the liquidation of the company is organised through the courts, always with the aim of protecting all parties.