Bankruptcy Law
Auteur : Louis Vogel
Sommaire de l’ouvrage
Introduction
Part 1: Preventing difficulties
Part 2: Safeguard
Part 3: Judicial receivership
Section 1: Conditions relating to the debtor
1°: Available assets
2°: Liabilities due
3°: Impossibility of payment
B: Burden of proof of cessation of payments
II: Manifestly impossible receivership
Section 3: Extension of the procedure
Chapter 2: Procedural requirements
Title 2: Judicial liquidation judgment
Title 3: Realization of assets
Title 4: Settlement of liabilities
Title 5: Closure of court-supervised liquidation operations
Title 6: Simplified court-supervised liquidation
Title 7: Professional recovery
Part 5: Responsibilities and penalties
631. Definition
1 minute de lecture
Under the terms of Article L. 640-1(1) of the Commercial Code, a judicial liquidation procedure is opened to any debtor referred to in Article L. 640-2 who is in a state of cessation of payments. This is defined as the debtor's inability to meet its liabilities with its available assets. This condition is assessed, where applicable, solely with regard to the assets involved in the professional act …