{"id":8182,"date":"2023-12-18T12:15:13","date_gmt":"2023-12-18T11:15:13","guid":{"rendered":"https:\/\/www.avocat-desrumaux.fr\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/"},"modified":"2025-04-17T15:52:30","modified_gmt":"2025-04-17T13:52:30","slug":"temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings","status":"publish","type":"post","link":"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/","title":{"rendered":"Temporary financial difficulties: have you considered bankruptcy proceedings?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8182\" class=\"elementor elementor-8182 elementor-7007\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-346d735 e-flex e-con-boxed e-con e-parent\" data-id=\"346d735\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-539bc54 elementor-widget elementor-widget-text-editor\" data-id=\"539bc54\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t  <h1>What are collective proceedings?<\/h1>\n\n    <p>\n  Although this term may seem obscure, it refers to a set of legal processes designed to support companies in difficulty.\n    <\/p>\n\n    <p>\n  In France, there are three types of collective proceedings:\n    <\/p>\n\n    <ul>\n        <li>\n            <strong>Safeguard:<\/strong> for companies facing challenges but still able to pay their creditors;\n        <\/li>\n        <li>\n            <strong>Receivership:<\/strong> for those who can no longer honour their previous debts;\n        <\/li>\n        <li>\n            <strong>Judicial liquidation:<\/strong> for situations with no way out.\n        <\/li>\n    <\/ul>\n\n    <p>\n  We&#8217;ll be focusing on the first two options, which are often misunderstood yet crucial.\n    <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2a2c630 e-flex e-con-boxed e-con e-parent\" data-id=\"2a2c630\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-faa83d5 elementor-widget elementor-widget-image\" data-id=\"faa83d5\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"525\" height=\"525\" src=\"https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-1024x1024.png\" class=\"attachment-large size-large wp-image-7010\" alt=\"Argent Difficult\u00e9s financi\u00e8res\" srcset=\"https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-1024x1024.png 1024w, https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-300x300.png 300w, https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-150x150.png 150w, https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-768x768.png 768w, https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-1536x1536.png 1536w, https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-2048x2048.png 2048w, https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-100x100.png 100w\" sizes=\"100vw\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c90b615 e-flex e-con-boxed e-con e-parent\" data-id=\"c90b615\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-25babba elementor-widget elementor-widget-text-editor\" data-id=\"25babba\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<\/p>\n<h1>A poorly perceived but effective tool<\/h1>\n<p>Despite their bad reputation, insolvency proceedings are a particularly useful tool for company directors who are experiencing temporary difficulties but wish to preserve their business. They offer a lifeline for managers facing temporary turbulence. Early intervention is key: the sooner the procedure is initiated, the better the chances of recovery.  <\/p>\n<h2>How it works<\/h2>\n<p>As soon as the decision to open insolvency proceedings is pronounced, all legal actions by creditors are suspended. In addition, it is forbidden to settle debts incurred prior to the opening of insolvency proceedings. <\/p>\n<p>The second effect of a decision to open insolvency proceedings is the provision of support. If requested at the outset of insolvency proceedings, the company can ask for the appointment of an administrator to help it make the right management decisions for the good of the business. In addition, throughout the duration of the proceedings, the judge can help the company, for <em>example<\/em> by ordering the termination of contracts deemed to be detrimental to the business (e.g. expensive and unnecessary franchise or lease management contracts, which the customer is not free to terminate).  <\/p>\n<p>Finally, the last effect of collective proceedings is the adoption of a safeguard or recovery plan which, once the business has stabilized, spreads debt repayment by the debtor over several months or years.<\/p>\n<h2>How can I benefit from collective proceedings?<\/h2>\n<p>If you are experiencing difficulties and would like to find out more about insolvency proceedings, or even apply for the opening of insolvency proceedings,<strong> DESRUMAUX AVOCATS<\/strong> can support you from the application stage and throughout the proceedings.  <\/p>\n<p>This will enable you to benefit from all the advantages of this procedure and ensure the long-term future of your company.<\/p><\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>What are collective proceedings? Although this term may seem obscure, it refers to a set of legal processes designed to support companies in difficulty. In France, there are three types of collective proceedings: Safeguard: for companies facing challenges but still able to pay their creditors; Receivership: for those who can no longer honour their previous &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Temporary financial difficulties: have you considered bankruptcy proceedings?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[49],"tags":[],"class_list":["post-8182","post","type-post","status-publish","format-standard","hentry","category-business-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Temporary financial difficulties: have you considered bankruptcy proceedings? - Desrumaux Avocats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Temporary financial difficulties: have you considered bankruptcy proceedings? - Desrumaux Avocats\" \/>\n<meta property=\"og:description\" content=\"What are collective proceedings? Although this term may seem obscure, it refers to a set of legal processes designed to support companies in difficulty. In France, there are three types of collective proceedings: Safeguard: for companies facing challenges but still able to pay their creditors; Receivership: for those who can no longer honour their previous &hellip; Continue reading &quot;Temporary financial difficulties: have you considered bankruptcy proceedings?&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/\" \/>\n<meta property=\"og:site_name\" content=\"Desrumaux Avocats\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-18T11:15:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-17T13:52:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.avocat-desrumaux.fr\/wp-content\/uploads\/2023\/12\/Saving-money-Euro-1024x1024.png\" \/>\n<meta name=\"author\" content=\"Desrumaux Avocats\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Desrumaux Avocats\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/\",\"url\":\"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/\",\"name\":\"Temporary financial difficulties: have you considered bankruptcy proceedings? - Desrumaux Avocats\",\"isPartOf\":{\"@id\":\"https:\/\/www.avocat-desrumaux.fr\/en\/#website\"},\"datePublished\":\"2023-12-18T11:15:13+00:00\",\"dateModified\":\"2025-04-17T13:52:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.avocat-desrumaux.fr\/en\/#\/schema\/person\/99259c27e57b4c1503842b57a4b54139\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Desrumaux Avocats\",\"item\":\"https:\/\/www.avocat-desrumaux.fr\/en\/home-page\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Temporary financial difficulties: have you considered bankruptcy proceedings?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.avocat-desrumaux.fr\/en\/#website\",\"url\":\"https:\/\/www.avocat-desrumaux.fr\/en\/\",\"name\":\"Desrumaux Avocats\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.avocat-desrumaux.fr\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.avocat-desrumaux.fr\/en\/#\/schema\/person\/99259c27e57b4c1503842b57a4b54139\",\"name\":\"Desrumaux Avocats\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.avocat-desrumaux.fr\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/57ac2f94f1c03c9e1ee611e84cb3a39f1c6b8de7783f6dcddcd9f820f001b4b6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/57ac2f94f1c03c9e1ee611e84cb3a39f1c6b8de7783f6dcddcd9f820f001b4b6?s=96&d=mm&r=g\",\"caption\":\"Desrumaux Avocats\"},\"url\":\"https:\/\/www.avocat-desrumaux.fr\/en\/author\/avocatdev\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Temporary financial difficulties: have you considered bankruptcy proceedings? - Desrumaux Avocats","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.avocat-desrumaux.fr\/en\/temporary-financial-difficulties-have-you-considered-bankruptcy-proceedings\/","og_locale":"en_US","og_type":"article","og_title":"Temporary financial difficulties: have you considered bankruptcy proceedings? - Desrumaux Avocats","og_description":"What are collective proceedings? 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