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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 3: Judicial receivership

    • Title 1: Opening of the receivership procedure

      • Chapter 1: Substantive conditions

        • Section 2: Conditions relating to the difficulties encountered

          • I: Notion of cessation of payments

            • A: Assets available

            • B: Liabilities due

            • C: Inability to pay

          • II: Burden of proof of cessation of payments

    • Title 3: Drawing up the economic, social and environmental balance sheet

296. Inability to cope

1 minute de lecture

The cessation of payments is characterized, in accordance with Article L. 631-1 of the Commercial Code, by the impossibility for the debtor to meet the liabilities due with his available assets. The balance that the court must carry out cannot consist solely of a comparison of the elements of the balance sheet, even if this reveals a negative difference between liabilities and current assets , sin …

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