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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 2: Safeguard

    • Title 3: Drawing up an economic, social and environmental report

    • Title 5: Safeguard plan

      • Chapter 2: Court ruling must adopt the plan and plan implementation

        • Section 2: Implementation of the plan

          • II: Incidents of plan implementation

            • A: Amendment of the plan

            • B: Resolution of the plan

              • 2°: Opening of a new procedure

              • 4°: Effects on creditors

                • a): Reconstitution of claims and securities

                • b): Forfeiture of payment terms granted

                • c): No need to declare claims under the new procedure

279. Forfeiture of payment terms under the plan

1 minute de lecture

The resolution of the plan entails the forfeiture of any payment terms granted under Article L. 626-27, I(4) of the Commercial Code. According to the courts, the deadlines accepted by a creditor within the framework of the plan, which are definitively acquired by the debtor only after payment, at the fixed term, of the last due date, are retroactively annulled when the plan is terminated . …

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