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Bankruptcy Law

Auteur : Louis Vogel

Sommaire de l’ouvrage
  • Introduction

  • Part 4: Court-supervised liquidation and professional recovery

    • Title 2: Judicial liquidation judgment

      • Chapter 3: Inventory

      • Chapter 5: Effects of the judgment

        • Section 1: Immediate enforceability

        • Section 3: Provisional continuation of business

        • Section 4: Remuneration and subsidies

        • Section 5: Continuation of ongoing contracts

          • I: General rules

            • C: Consequences of the option

              • 1°: Continuation of the contract

                • a): Unenforceability of prior non-performance

                • b): Provision of the promised service

                • c): Existence of funds required for payments

                • d): Compliance with rules applicable to the contract

                • e): Termination for non-payment by the creditor

        • Section 9: The sole trader's right of recovery

        • Section 10: Exigibility of unpaid share capital

795. Existence of funds required for payments

1 minute de lecture

Under the terms of Article L. 641-11-1(4) when the service concerns the payment of a sum of money, this must be made in cash, unless the liquidator or receiver obtains the debtor's co-contractor's acceptance of payment terms. The legal representative exercises his option on the basis of the forecasts available to him. The text requires him to ensure that he will have the necessary funds to make t …

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