By Yasmine EDDAM
12 April 2025
The announcement of the opening of insolvency proceedings - safeguard, receivership or compulsory liquidation - against a customer, supplier or business partner is often a source of great concern for its creditors. Will I get paid? What do I have to do? Can I continue to demand payment? These are legitimate questions, and the situation calls for a rapid, informed response. As soon as the business is declared open, very strict rules apply that will affect your chances of recovering even part of your debt. It is therefore essential to act correctly from the outset. This article sheds light on the two fundamental points that every creditor must master immediately: the imperative obligation to declare your claim and the prohibitions that apply to you as soon as the proceedings are opened. The vital obligation to declare your claim The first and undoubtedly most important step to take is to declare your claim. Without this formal declaration, you are...
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