By Yasmine EDDAM
27 April 2025
The opening of compulsory liquidation proceedings marks a turning point not only for the company and its director, but also directly for its creditors. Suppliers, banks, social security bodies, tax authorities, employees... all find themselves faced with a situation where the recovery of their debts becomes uncertain and subject to strict collective rules. At the same time, the main task of the court-appointed liquidator is to transform the company's assets into cash - this is the realisation of assets - so that these creditors can be paid, at least in part. This article explores the major consequences of liquidation for the various categories of creditors and details the complex process of realising assets. The fate of creditors in compulsory liquidation As soon as the judgment initiating the proceedings is handed down, the individual rights of creditors are radically altered. The law introduces collective discipline to ensure equal treatment for all creditors....
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