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Insolvency Proceedings in France (DR)
After declines of 8% in 2016 and 6% in 2017, corporate insolvencies in France decreased only 1% last year and this year a small increase is expected, according to trade credit insurer, Atradius. However, with about 55,000 insolvencies forecasted for 2019, Atradius says the number of business insolvencies will still be as high as in 2008. Hear from two in-country attorneys about the ins and outs of what occurs before, during and after an insolvency occurs in France. • What responsibilities do creditors have when debtors file? • How are the assets of an insolvent company are distributed? • Are there other options outside of insolvency that offer some relief to debtors similar to Chapter 11 in the United States? • Can creditors force an involuntary insolvency on a debtor? These are just some of the questions Céline Lustin-Le Core and Anke Sprengel of Endrös-Baum Associés, Paris, will answer about insolvency procedures in France. Join him as he provides a step-by-step look at what happens and gain a basic understanding of what to expect.
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