By Yasmine EDDAM
27 April 2025
Facing insurmountable financial difficulties is a dreaded ordeal for any company director. When recovery solutions seem out of reach, judicial liquidation becomes a concrete prospect. Although difficult, this procedure is governed by precise rules designed to organise the end of the business and pay off creditors in an orderly fashion. Understanding the broad outlines of this process is essential for the business owners and sole traders concerned. This article gives you an overview of judicial liquidation: when does it take place, who can trigger it, what are the key stages and the major consequences? We also look at a possible alternative for certain small businesses. For in-depth analyses of specific points, links will take you to our detailed articles. When is compulsory liquidation inevitable? Judicial liquidation is generally only envisaged when the company's situation is deemed irretrievable...
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