Chapter IV: Simplified judicial liquidation.

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Article L644-4

French Commercial codeIn force
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Updated 7 Nov 2023

At the end of the procedure for verification and admission of claims as provided for in Article L. 644-3 and the realisation of assets, the liquidator shall include his proposals for distribution on the statement of claims. He shall assess the amount of the legal costs mentioned in 3° of I of Article L. 643-8 that are foreseeable. This completed statement is filed with the registry and published. However, if it appears that the sums to be distributed only allow for the payment of the creditors mentioned in 1° to 6° of I of Article L. 643-8, the completed statement shall only be filed with the registry.

Any interested party may examine the statement and, with the exception of the liquidator, lodge a complaint with the official receiver under conditions laid down by decree in the Conseil d'Etat. The debtor's complaints may only relate to the proposed distributions. Those of the creditors may not be lodged against the decisions of the juge-commissaire entered on the statement of claims to which they have been a party.

The official receiver shall rule on the disputes in a decision that may be appealed within a period set by decree in the Conseil d'Etat.

The liquidator shall proceed with the distribution in accordance with his proposals or the decision rendered.

Mariela Petrova

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Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

Toque #C2396

15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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