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Everything you need to know about our practices and procedures

Written by our experts, these practical guides are designed to provide simple, transparent answers to questions about the work of insolvency practitioners and how the various amicable or legal procedures work.

Ad hoc mandates

An ad hoc mandate is a preventive and confidential mission entrusted to an ad hoc agent to resolve a company’s difficulties before it becomes insolvent.

Conciliation

Conciliation is a preventive and confidential procedure accessible to all companies which are not insolvent, or which have been insolvent for less than 45 days.

Insolvency

A company that finds itself unable to meet its current liabilities with its available assets is declared to be insolvent.

Safeguarding

A safeguard procedure is designed to facilitate the reorganisation of a company in order to allow it to maintain its economic activity, preserve jobs and pay off its debts.

Receivership

A receivership is a procedure designed to enable a company to continue operating, maintain employment and pay off its debts.

Judicial liquidation

A compulsory liquidation is a procedure set up when a debtor is no longer able to pay its debts and is in a situation where it cannot be expected to continue its business operations.

The new crisis exit procedure

The crisis recovery procedure was created by the law of 31 May 2021 in the current context to provide an additional tool for companies experiencing economic difficulties arising from the health crisis or linked to the financing of their business.

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