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Collective proceedings: creditors must declare their claims to be paid

A creditor whose debtor is in collective proceedings must declare their claim.

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The fact

This step is mandatory to hope for repayment within the judicial framework.

The procedure applies to struggling companies under collective proceedings.

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Why it matters

Cette obligation légale permet aux créanciers de participer au partage des actifs du débiteur sous contrôle judiciaire, évitant ainsi des pertes totales en cas de liquidation.

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