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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

253. Exemption for small unsecured claims

1 minute de lecture

Pursuant to Article L. 626-20, II of the Commercial Code, up to 5% of the estimated liabilities, the smallest claims, in ascending order of amount and not exceeding EUR 500 each , shall be reimbursed without any discount or delay . This applies a fortiori to claims of less than EUR 300 . The text specifies that this provision does not apply when the amount of the claims held by the same person exc …

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