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Towards a first wave of business failures in October

2020-10-06T18:17:49.780Z


Put in brackets, bankruptcy obligations have been reinstated.Step by step, the exceptional mechanisms designed to protect businesses at the worst of the health crisis are being erased. Thus, the normal course of things resumes in matters of bankruptcy filings. From March 13 to August 23 inclusive, the obligation for managers to request the opening of collective proceedings at the commercial court within 45 days of the cessation of payments was suspended. Th


Step by step, the exceptional mechanisms designed to protect businesses at the worst of the health crisis are being erased.

Thus, the normal course of things resumes in matters of bankruptcy filings.

From March 13 to August 23 inclusive, the obligation for managers to request the opening of collective proceedings at the commercial court within 45 days of the cessation of payments was suspended.

The 45-day period having started to run again on August 24, for all companies having benefited from the freeze, this Wednesday October 7 is therefore the last date to go to the registry.

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Conjuncture: concern looms over the coming months

So far, it has been dead calm on the default front.

Between May and the end of July, the opening of collective proceedings (safeguard, reorganization or judicial liquidation) even decreased by 42.5% compared to the same period last year, according to the National Council of clerks of commercial courts.

Thanks to the suspension measure, but also thanks to the crutches in place

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Source: lefigaro

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