By Yasmine EDDAM
27 April 2025
When a company goes into compulsory liquidation, the outcome may seem inevitable: the disappearance of the business and the sale of the assets. However, the proceedings must formally come to an end, and this end, known as closure, can take different forms with varying consequences, particularly for the individual debtor. In addition, for sole traders facing difficulties but with very few assets, there is an alternative to traditional liquidation: professional recovery. This article explores the procedures for closing a judicial liquidation and its main effects, as well as the characteristics of the business recovery procedure. Closure of judicial liquidation Judicial liquidation proceedings are not eternal. In fact, at the outset, the court sets a provisional deadline by which the closure of the proceedings must be examined (Art. L. 643-9 C. com.). This period (often two years initially) may be extended if necessary, but the aim is to ensure that the...
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