In their role as liquidator, insolvency practitioners manage the cessation of the company’s business activities and the reinstatement of the company’s staff and material resources.
With regard to staff, insolvency practitioners are responsible for facilitating their redeployment, either by transferring the means of production and the attached staff, or by drawing up a redundancy plan, in accordance with the legislative and regulatory context of the collective proceedings in force at the time of the liquidation.
With regard to material assets, insolvency practitioners manage the sale of assets by putting them up for sale and ensuring that the sale meets the highest standards of transparency, under the supervision of the competent courts.
