{"id":6696,"date":"2012-04-27T13:16:33","date_gmt":"2012-04-27T13:16:33","guid":{"rendered":"https:\/\/gregorydamy.niceavocats.fr\/?p=6696"},"modified":"2023-08-05T11:23:55","modified_gmt":"2023-08-05T11:23:55","slug":"avoid-bankruptcy-filing-safeguard-measures","status":"publish","type":"post","link":"https:\/\/gregorydamy.niceavocats.fr\/en\/avoid-bankruptcy-filing-safeguard-measures\/","title":{"rendered":"Avoid bankruptcy filing: safeguard measures"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”4.19.5″ custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.19.5″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”wave” background_mask_color=”rgba(0,0,0,0.08)” custom_padding=”||6px|||” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_circle_counter title=”Estimated reading time (in minutes)” number=”2″ percent_sign=”off” _builder_version=”4.20.2″ _module_preset=”default” title_font=”Amiri||||||||” max_width=”137px” global_colors_info=”{}”][\/et_pb_circle_counter][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.19.5″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][et_pb_divider _builder_version=”4.19.5″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”row” _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image _builder_version=”4.21.0″ _module_preset=”default” title_text=”blogger-2838945_1280-2″ src=”https:\/\/gregorydamy.niceavocats.fr\/wp-content\/uploads\/2023\/08\/blogger-2838945_1280-2.jpg” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_image][et_pb_text admin_label=”Text” _builder_version=”4.21.0″ text_font=”Amiri||||||||” header_2_font=”Amiri||||||||” header_3_font=”Amiri||||||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

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To avoid filing for bankruptcy, the company must quickly put in place safeguard<\/span><\/a>\u00a0measures\u00a0.\u00a0What are they ?\u00a0Can the entrepreneur first enter into an amicable agreement with his creditors?<\/span><\/p>\n

 <\/p>\n

Beforehand:<\/span><\/h2>\n

 <\/p>\n

As soon as the company notices a fall in its cash flow, a difficulty with its customers and a poor flow of products, it must immediately take safeguard measures.\u00a0To do this, the company must establish very precise accounts and determine the major backup point to be preferred.\u00a0She must also call on a lawyer or a judicial administrator.<\/span><\/p>\n

 <\/p>\n

Amicable arrangement:<\/span><\/h2>\n

 <\/p>\n

This measure is often the least restrictive because it allows the business manager to define the terms of payment himself.\u00a0The business manager must call the creditors to a meeting to define the difficulties encountered, propose terms of payment over a period of less than 3 years, and impose regular payment deadlines (half-yearly or quarterly).\u00a0This solution is interesting when the situation is not too serious.\u00a0Indeed, in the opposite case, this can frighten the creditors who will have been aware of the significant difficulties of the company.<\/span><\/p>\n

 <\/p>\n

The ad hoc mandate:<\/span><\/h2>\n

 <\/p>\n

The entrepreneur has recourse to a judicial administrator who submits a request to the commercial court to be appointed ad hoc agent.\u00a0This brings together the largest creditors or categories of creditors, and offers them payment terms spread over 3 or 4 years at most.\u00a0In case of agreement, a protocol is drawn up and signed by the creditors.\u00a0It applies once it has been submitted to the court.<\/span><\/p>\n

 <\/p>\n

Conciliation :<\/span><\/h2>\n

 <\/p>\n

This procedure is submitted to the commercial court by way of a request presented by a judicial administrator.\u00a0He will be appointed as conciliator.\u00a0It brings together the creditors and proposes settlement terms spread over a period of less than 4 years.\u00a0It also defines the categories of creditors affected by these terms.\u00a0The conciliation ends with the signing of a protocol which is submitted to the commercial court.\u00a0The court makes an order or a judgment that puts an end to the actions of the creditors.\u00a0Those who have signed this protocol may be paid and those who have refused to sign may be obliged to execute it.<\/span><\/p>\n

 <\/p>\n

Backup and accelerated financial safeguard:<\/span><\/h2>\n

 <\/p>\n

These procedures are recent and are based on a request submitted to the commercial court.\u00a0A judicial administrator is appointed by the court and the entrepreneur is not divested.\u00a0The court-appointed administrator brings together the creditors in different committees depending on the nature of the debts and submits to them a recovery plan defined with the business manager.\u00a0Depending on the responses of these committees, the court can ratify the safeguard and render a judgment putting an end to it.\u00a0He decides that the liabilities will be paid within 10 years maximum.<\/span><\/p>\n

DAMY Law Firm<\/span><\/a>\u00a0, Nice, Filing for bankruptcy, Update 2022<\/span><\/p>\n<\/div>\n

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To avoid filing for bankruptcy, the company must quickly put in place safeguard\u00a0measures\u00a0.\u00a0What are they ?\u00a0Can the entrepreneur first enter into an amicable agreement with his creditors?   Beforehand:   As soon as the company notices a fall in its cash flow, a difficulty with its customers and a poor flow of products, it must […]<\/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":"","_et_gb_content_width":"","footnotes":""},"categories":[295,297,32],"tags":[],"class_list":["post-6696","post","type-post","status-publish","format-standard","hentry","category-commercial-and-company-law","category-competition-consumer-law","category-droit-de-la-concurrence-et-de-la-consommation"],"yoast_head":"\nAvoid bankruptcy filing: safeguard measures - Soci\u00e9t\u00e9 d'avocats Damy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gregorydamy.niceavocats.fr\/en\/avoid-bankruptcy-filing-safeguard-measures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avoid bankruptcy filing: safeguard measures - 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