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  • Bankruptcy procedure

The Court’s ruling on the commencement of the recovery procedure establishes that all legal requirements are met. The debtor must be a registered trader (natural person or corporate body), a craftsman or a private company, in a state of insolvency (meaning that the debtor is unable to pay its debts with its available assets).

However, a company with financial difficulties may be saved. If so, it can draft a recovery plan, either by continuing its y or by transferring a part or all the company to a third party to pay all its debts.

To read the complete instructions, click here (in French)

 

  •   Judicial liquidation

 

The Court’s ruling on the commencement of the recovery procedure establishes that all legal requirements are met. The debtor must be a registered trader (natural person or corporate body), a craftsman or a private company, in a state of insolvency (meaning that the debtor is unable to pay its debts with its available assets).

 

The court certifies that the y has ceased or that the recovery is impossible. If the compulsory liquidation is pronounced during the watching period, the Court establishes that the person cannot draft a recovery plan.

The compulsory liquidation leads to the immediate winding-up of the business. The legal entity only exists for the needs of the liquidation until the closure accounts are published.

 

To read the complete instructions, click here (in French)

 

  •  Company’s takeover

 

When decided on a recovery plan, any person interested can apply in order to buy out the company. Candidates’ applications must fulfill several legal requirements.

 

 

To read the complete instructions, click here (in French)

FOREIGN TRADE REGISTERS
We provide you with a specially developed engine leading to websites about foreign registers
The Non-possessory Pledge Register
Click here to access the Non-possessory Pledge Register (Le registre national des gages sans dépossession)