Insolvency Proceedings in France

Insolvency Proceedings in France

IntroductionInsolvency proceedings can be a dangerous game fosr creditors in France. Once your debtor has filed for insolvency under French laws, your possibilities, as creditor, are severely limited and your ability to pursue legal actions essentially paralyzed. These insolvency procedures allow for a company to manage its liabilities all the while benefiting from a state-mandated…