TITLE II: Safeguards.

The court shall rule on the authorisation provided for in Article L. 626-14 at the request of the debtor in the light of the report of the commissaire à l’exécution du plan. Its decision is notified to the debtor and communicated to the public prosecutor and to the commissioner for the execution of the plan. It is subject to the appeals provided for against decisions amending the plan.

For the application of article L. 626-16, the competent meetings are convened in the forms and within the time limits provided for in articles R. 626-1 to R. 626-3.

When the court has modified the voting conditions in accordance with Article L. 626-16-1, this must be mentioned when convening the competent meetings.

The one-year period provided for in the fourth paragraph of article L. 626-18 runs from the date of the judgment approving the plan.

The acceptance of deadlines and remissions relating to the claims mentioned in article L. 626-20 can only be express.

The maximum amount of each claim repayable without remission or time limit pursuant to II of Article L. 626-20 is 500 euros.

The request for substitution of guarantees provided for in Article L. 626-22 is made by the debtor to the creditor in question. Failing the latter’s agreement, it may be requested from the court by petition. The court shall rule, after hearing the debtor, the creditor and the commissioner for the execution of the plan or after duly calling them. The debtor shall, at its own expense, proceed with the cancellation…

After the payment to the Caisse des dépôts et consignations made pursuant to article L. 626-22, provisional payments may be made under the conditions defined in the second paragraph of Article L. 622-8. The plan execution commissioner distributes the price among the creditors, makes the payment and removes the registrations. In the event of the sale of an immovable, the price is paid after the purchaser has completed the formalities…

The recourse provided for in article R. 643-11 is opened to the debtor. The court clerk sends the debtor a copy of the statement of collocation. This notice specifies the time limit and procedures for appeal.

The administrator shall report to the official receiver on the execution of the acts enabling the plan to be implemented in accordance with article L. 626-24. The mandataire judiciaire reports on his mission to the juge-commissaire, who terminates it, after noting the completion of the verification of the claims and the payment of the sums due to the employees pursuant to Article L. 143-11-7 of the French Labour Code.