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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 3: Judicial receivership

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

    • Title 5: Receivership plan

      • Chapter 1: Drawing up the draft plan

        • Section 1: Serious possibility of receivership

        • Section 2: Initiation of the draft plan

        • Section 3: Content of the draft plan

        • Section 6: 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

            • B: Conversion of claims into capital

        • Section 8: Hypotheses of failure to adopt the draft plan

562. Conversion of claims into capital

1 minute de lecture

Debt settlement proposals may involve conversion into securities giving or capable of giving access to capital . This option, introduced by the Ordinance of 18 December 2008 , makes it possible to reduce the company's liabilities while reconstituting its equity capital. It transforms the creditor into a partner, which implies a degree of confidence on the part of the creditor in the debtor's chanc …

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