{"id":1370,"date":"2020-04-08T13:36:19","date_gmt":"2020-04-08T13:36:19","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=1370"},"modified":"2023-08-01T09:54:32","modified_gmt":"2023-08-01T09:54:32","slug":"financial-challenges","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/financial-challenges\/","title":{"rendered":"Covid-19 and insolvency proceedings"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.19.5&#8243; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row column_structure=&#8221;1_3,1_3,1_3&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; background_enable_mask_style=&#8221;on&#8221; background_mask_style=&#8221;wave&#8221; background_mask_color=&#8221;rgba(0,0,0,0.08)&#8221; custom_padding=&#8221;0px||6px|||&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_column][et_pb_column type=&#8221;1_3&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_circle_counter title=&#8221;Estimated reading time (in minutes)&#8221; number=&#8221;3&#8243; percent_sign=&#8221;off&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; title_font=&#8221;Amiri||||||||&#8221; max_width=&#8221;137px&#8221; custom_margin=&#8221;20px|auto|30px|auto|false|false&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_divider _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][et_pb_image src=&#8221;https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2023\/07\/test-tube-5065426_1280-2.jpg&#8221; title_text=&#8221;test-tube-5065426_1280-2&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;][\/et_pb_image][et_pb_text admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.21.0&#8243; text_font=&#8221;Amiri||||||||&#8221; header_font=&#8221;Amiri||||||||&#8221; header_2_font=&#8221;Amiri||||||||&#8221; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<div class=\"et_post_meta_wrapper\">\n<p><span>Financial Challenges Crisis The ongoing health crisis has forced the government to take immediate action to alleviate the challenges facing businesses, including by offering simplified conditions for insolvency proceedings.<\/span><\/p>\n<h2><a href=\"https:\/\/entreprendre.service-public.fr\/vosdroits\/N31392\"><span>Insolvency proceedings<\/span><\/a><span>\u00a0under simplified conditions: \u2013<\/span><\/h2>\n<p><span>In times of crisis, it becomes necessary to initiate collective proceedings to deal with the inability of certain companies to meet various financial obligations, such as payment of suppliers or commercial rent.<\/span><\/p>\n<p><span>Specific measures have also been put in place by the government regarding commercial rents.\u00a0The ordinances of March 25, 2020 bring clarity: if no suspension of rent is provided for, the consequences of non-payment are limited.<\/span><\/p>\n<h2><span>Specific measures for commercial rents: \u2013<\/span><\/h2>\n<p><span>Concretely, this provision guarantees that the tenants of commercial premises cannot be the subject of legal proceedings by the owners in the event of non-payment of rents during the period of crisis.\u00a0This protection extends for up to two months after the lifting of the containment measures.\u00a0It reassures tenants who are facing significant difficulties due to government-mandated closures.<\/span><\/p>\n<p><span>Within the current legal framework urgently developed to respond to the health crisis, including facilitated insolvency proceedings and the temporary suspension of legal actions related to rents, concrete solutions are available to mitigate the challenges related to companies&#8217; financial obligations.<\/span><\/p>\n<p><span>We are at your service to negotiate with your landlord and establish a rent payment plan spread over several months.\u00a0The increased risk of being placed in collective proceedings is an important element which should alert creditors.<\/span><\/p>\n<p><span>In a spirit of solidarity in these difficult times, we offer you a\u00a0<\/span><a href=\"https:\/\/gregorydamy.niceavocats.fr\/prestations-en-ligne-consultation-en-ligne\/\"><span>first free telephone consultation<\/span><\/a><span>\u00a0, where we can give you valuable advice on the measures to be put in place to deal with your difficulties.<\/span><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;row&#8221; _builder_version=&#8221;4.19.5&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;||0px||false|false&#8221; custom_padding=&#8221;||0px||false|false&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_divider _builder_version=&#8221;4.19.5&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial Challenges Crisis The ongoing health crisis has forced the government to take immediate action to alleviate the challenges facing businesses, including by offering simplified conditions for insolvency proceedings. Insolvency proceedings\u00a0under simplified conditions: \u2013 In times of crisis, it becomes necessary to initiate collective proceedings to deal with the inability of certain companies to meet [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"<div class=\"et_post_meta_wrapper\">\r\n<h1 class=\"entry-title\">Simplified insolvency proceedings due to COVID 19<\/h1>\r\n<p class=\"post-meta\">by\u00a0<span class=\"author vcard\"><a title=\"Articles by admin\" href=\"https:\/\/gregorydamy.niceavocats.fr\/author\/admin_34\/\" rel=\"author\">admin<\/a><\/span>\u00a0|\u00a0<span class=\"published\">Apr 8, 2020<\/span>\u00a0|\u00a0<a href=\"https:\/\/gregorydamy.niceavocats.fr\/category\/home\/actualites\/actualite-en-droit-des-affaires\/\" rel=\"category tag\">News in business law<\/a>\u00a0,\u00a0<a href=\"https:\/\/gregorydamy.niceavocats.fr\/category\/b\/\" rel=\"category tag\">b<\/a>\u00a0|\u00a0<span class=\"comments-number\"><a href=\"https:\/\/gregorydamy.niceavocats.fr\/les-procedures-collectives-simplifiees-en-raison-du-covid-19\/#respond\">0 comments<\/a><\/span><\/p>\r\n\r\n<\/div>\r\n<div class=\"entry-content\">\r\n\r\n\u00a0\r\n<h1>By Master Gr\u00e9gory DAMY and Florent de FRANCESCHI<\/h1>\r\n<h1>The health crisis we are currently going through has forced the government to take urgent measures to alleviate the difficulties encountered by companies, foremost among which is the possibility of benefiting from collective proceedings under simplified conditions.<\/h1>\r\n<h2>In times of crisis, the opening of collective proceedings may be made necessary to deal with the impossibility for certain companies to honor the payment of various activity charges, such as for example supplier drafts or rents. commercial premises.<\/h2>\r\n<h2>The government has also taken specific measures for commercial rents.\u00a0The ordinances of March 25, 2020 are relatively clear: if no suspension of rents is provided for, the consequences of non-payment of rents are limited.<\/h2>\r\n<h2>In concrete terms, this provision guarantees tenants of commercial premises that no legal action can be taken by the lessor in the event of non-payment of rent during this period of crisis, until the expiry of a period of 2 months after the end of the containment measures.\u00a0Something to reassure the tenants most in difficulty due to the closure required by the government.<\/h2>\r\n<h3>In the state of the legal arsenal taken urgently to respond to the health crisis, between facilitated collective procedures and suspension of proceedings for non-payment of rents, there are therefore concrete solutions to overcome the difficulties linked to the payment of charges. companies.<\/h3>\r\n<h4>We are at your entire disposal to negotiate with your lessor to set up a system for spreading the rents concerned over several months.\u00a0The risk of being placed more easily in collective proceedings is a major argument that should alert creditors.<\/h4>\r\n<h5>For the sake of solidarity in these difficult times for all, the first telephone consultation will be offered to you and we will advise you usefully on the measures to be implemented to deal with your difficulties.<\/h5>\r\nTake care of yourself.\r\n\r\n\r\n\r\n<\/div>","_et_gb_content_width":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1370","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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