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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 1: Drawing up a draft plan

        • Section 1: Existence of a serious safeguard possibility

        • Section 2: Initiation of draft plan

        • Section 3: Calling shareholders' assemblies

        • Section 4: Seeking creditors' agreement on deadlines and discounts

          • I: Mandatory nature of consultation

          • II: Deadlines for response

          • III: Special case of public creditors

          • IV: Outcome of negotiations

            • A: Delays and discounts granted or imposed

              • 1°: Delays and discounts granted by creditors

              • 2°: Uniform delays imposed on creditors

              • 3°: Claims exempt from time-limits and remissions

                • a): Wage claims

                • b): Weakest unsecured claims

                • c): New money privileged claims

            • B: Conversion of claims into capital

        • Section 6: Timely presentation of the draft plan

252. Exemption of wage claims

1 minute de lecture

Article L. 626-20 of the Commercial Code provides that, notwithstanding the provisions of Articles L. 626-18 and L. 626-19, certain wage claims may not be remitted or postponed if they have not been accepted by the creditors. The acceptance of payment terms and postponements can only be express . This concerns remuneration of any kind due to employees for the last sixty days of work, less any adva …

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