Bankruptcy Law
Auteur : Louis Vogel
Sommaire de l’ouvrage
Introduction
Part 1: Preventing difficulties
Part 2: Safeguard
Part 3: Judicial receivership
Part 4: Court-supervised liquidation and professional recovery
Chapter 1: Principle of exemption from liability
Chapter 2: Exceptions
Chapter 3: Implementation of the action
Chapter 4: Penalties
Title 2: Liability for insufficiency of assets
Title 3: Personal bankruptcy and other prohibition measures
Title 4: Bankruptcy and other offenses
968. Improper financial support (soutien abusif)
1 minute de lecture
One of the major innovations of the Safeguard Law is that creditors are no longer liable for any credit granted to the debtor. Before the law came into force, a company's creditors, such as bankers or suppliers, could incur extra-contractual liability for any unlawful credit granted to the company. Since the reform, Article L. 650-1 of the Commercial Code provides for a system of liability exone …
