Companies in difficulty
Preserving value and restoring control when the business is weathering the storm.
The firm assists directors facing financial difficulties: prevention, reorganisation, restructuring and, where necessary, the orderly management of insolvency. Our role: to act early to preserve value, protect the director and chart the path to recovery or a controlled exit. Our fields: judicial reorganisation, debt restructuring, negotiation with creditors, bankruptcy, directors' liability.
Understanding companies in difficulty
When should you react to your company's difficulties?
As early as possible, well before any cessation of payments. The best solutions exist while the company still has room for manoeuvre. Cash-flow tension, repeated losses, pressing creditors are all signals to seek advice: the options close as the situation deteriorates.
What is judicial reorganisation?
A procedure that protects the company while it reorganises. It temporarily suspends creditors' proceedings and opens several routes: an amicable agreement, a collective agreement of creditors, or the transfer of all or part of the business. It is the central tool for saving a viable company.
Does judicial reorganisation suspend creditors' proceedings?
Yes — that is its whole point. During the procedure, the company benefits from a stay that freezes attachments and enforcement, giving it time to negotiate and build a plan. This respite, well used, often makes the difference between recovery and bankruptcy.
Is the director personally liable for the difficulties?
In principle no, but certain faults can engage their liability. Unreasonably continuing a loss-making business, social or tax debts, a belated declaration of bankruptcy: certain conduct exposes the director. Acting early and being well advised also protects the director themselves.
What should you do if bankruptcy becomes inevitable?
Organise it rather than endure it. When recovery is no longer possible, a prepared bankruptcy limits the risks for the director and sometimes preserves the business through an asset sale. We assist with the declaration of bankruptcy and all its consequences.
Can you take over a business or assets in difficulty?
Yes, and it is often a controlled opportunity. Taking over a business within a reorganisation or a bankruptcy makes it possible to acquire sound assets while limiting liabilities — provided the scope and conditions are secured. We structure these acquisitions.
What we handle
- Prevention and early detection of difficulties
- Judicial reorganisation (amicable, collective, transfer)
- Debt negotiation and restructuring
- Amicable agreements with creditors
- Bankruptcy and liquidation proceedings
- Protection and liability of the director
- Acquisition of assets or businesses in difficulty
- Litigation and urgent measures