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“It’s a real management tool, a very good school for a boss”: when judicial recovery saves companies

2024-02-17T13:11:36.255Z

Highlights: Judicial recovery is a real management tool, a very good school for a boss. Between 2022 and 2023, companies in cessation of payments - in recovery or in liquidation -, thus jumped by almost 35%. “There are around 15,000 judicial reorganizations out of the 55,000 openings of collective proceedings recorded in 2023,” specifies François-Charles of the Banque de France. “I was able to show that I was straight in my boots and that I knew how to manage my business,” says Cédric Debacq.


STORY - This procedure makes it possible to avoid liquidation and to restart on better foundations. On condition of going through a formidable but also very educational storm, testify the leaders who experienced it.


“I was afraid that my company would be liquidated

,” admits Cédric Debacq when the digital marketing consulting company he runs found itself subject to receivership proceedings a year ago.

“But I was able to show that I was straight in my boots and that I knew how to manage my business

,” he reassures himself, the prospect of liquidation having now receded.

Like him, more and more business leaders today find themselves faced with difficulties due to a gloomy economic situation.

End of “whatever it costs”, increase in interest rates, repayment of loans guaranteed by the State, tightening of activity... between 2022 and 2023, companies in cessation of payments - in recovery or in liquidation -, thus jumped by almost 35%, according to data from the Banque de France.

“There are around 15,000 judicial reorganizations out of the 55,000 openings of collective proceedings recorded in 2023

,” specifies François-Charles…

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Source: lefigaro

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