collective proceedings: company safeguarding, administration proceedings
To order a certificate of insolvency proceedings :
Search for a company
- What can it be used for?
- Bankruptcy protection act
- Order a document
Insolvency proceedingsare receivership or court-ordered liquidation proceedings to organise the settlement of the debts for a company in insolvency.
A company in difficulty can be concerned by:
- A bankruptcy protection procedure, initiated by the company's managing director, if the company is not in insolvency;
- A court-ordered receivership or liquidation, if the company is in a state of insolvency.
Insolvency proceedings interrupt the legal proceedings, and are subject to publication requirements.
Bankruptcy protection is reserved for companies or individual debtors who are not in a state of insolvency, but who are experiencing difficulties that they cannot overcome, and that are likely to lead to insolvency (unable to cope with current liabilities using available assets). The purpose of a bankruptcy protection procedure is to allow the company to continue its business, maintain jobs and settle its liabilities, by reorganising the company under a plan decided by the Court.
Receivership is a court procedure applicable to traders, artisans, farmers and legal entities in private law who are in a state of insolvency.
Like bankruptcy protection, receivership is intended to protect the company, keep the business running, save jobs, and settle liabilities.
court-ordered liquidation is a judicial procedure applicable to legal entities in private law, including retailers and traders, and retailers who are natural persons, artisans, and farmers, when they are in a state of insolvency and they have stopped trading or it seems clearly impossible to save the business.
Insolvency proceedings interrupt legal proceedings, and are subject to publication requirements.
Information relating to insolvency proceedings are systematically published in the Trade and Companies Register (RCS). They are therefore publicly available.
You can obtain a certificate attesting to the existence or absence of insolvency proceedings, as well as copies of the resulting judgments, for each company.
The certificate of insolvency proceedings provides you with the a company's situation in terms of resources, jobs, funds implemented, and equity.
The bankruptcy protection act of July 26, 2005 reformed the bankruptcy law by setting up bankruptcy protection proceedings for companies who are not insolvent, yet are experiencing difficulties that they cannot overcome. This procedure allows them to draw up a plan to settle their liabilities, under court supervision. Its objective is also to allow the company to continue trading and save jobs.
The same law also modified the procedures for court ordered receivership (for companies in insolvency who want to continue trading, save employment and settle their liabilities) and the procedures for court-ordered liquidation (for companies for whom recovery is clearly impossible; this procedure puts an end to the company's business and lets it liquidate its assets in order to settle the liabilities).
To check the health of a company, you can obtain a certificate attesting to the existence or absence of insolvency proceedings, as well as copies of the resulting decisions.
To order information relating to the possible existence of bankruptcy protection, receivership or court-ordered liquidation proceedings, you should:
1: Use the search form to go to the Infogreffe data sheet for the company which interests you.
2: On this company data sheet, go to the Official documents section and click on the tab "Insolvency proceedings".
3: Select the transmission method (email/post) of your chosen document. It will be automatically added to the shopping cart.
4: Click on: 'Complete my order': or the shopping cart at the top of the page and follow the steps in the order tunnel to receive your official document and your receipt.
Do you know about the Company tracking service?
You can also track a company and receive alerts by email or SMS when one of these proceedings is registered, or obtain lists of businesses in insolvency proceedings.
> Learn more and track companies
Information concerning the possible existence of bankruptcy protection, receivership or court-ordered liquidation proceedings (excluding transmission costs) = 1.56 euro inc VAT
Postage fees: 0.94 Euro inc. VAT per copy
Electronic transmission administration costs: 2.34 euros inc. VAT