By Yasmine EDDAM
11 April 2025
When a company enters the safeguard or receivership procedure, the observation period that begins is a phase of intense activity aimed at finding a lasting solution to its difficulties. The aim is, as far as possible, to come up with a «plan» for the company's future. But what exactly do these plans cover? Are they always the same thing? And what does the third option - selling the company - involve? For managers, creditors, employees and potential buyers, it is essential to understand the characteristics, issues and consequences of each type of plan. The aim of this article is to demystify the three main types of plan available under French insolvency law: the safeguard plan, the continuation recovery plan and the sale plan. We will explore how they are drawn up, what they generally contain, how creditors are consulted,...
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