TITLE IV: Judicial liquidation and professional recovery.

The persons called to the hearing at which the modification of the disposal plan is discussed are summoned in accordance with the procedures set out in article R. 626-17.

When the court is called upon to rule on the assignment of contracts mentioned in article L. 642-7, or to record the transfer of a security interest referred to in Article L. 642-12, the co-contractor(s) or the holder(s) of the security are summoned to the hearing, at least fifteen days before the date of the hearing, by registered letter with acknowledgement of receipt, by the court clerk on the instructions…

Where, pursuant to the fourth paragraph of Article L. 642-7 there is disagreement between the parties as to the value of the asset that is the subject of the leasing contract, the court shall set this value, if necessary after expert appraisal, in the sale plan or, failing this, at the request of either of the parties. Sums that remain due within the meaning of Article L. 642-7 are, on…

As soon as the acts of transfer have been completed, the liquidator or the administrator, where one has been appointed, shall report on them. This report shall be filed with the court registry.

The price of the transfer of the business is allocated by the liquidator in accordance with the provisions of the first section of chapter III of this title. Where the transfer relates to a business, the transferee may, after paying the price, apply to the official receiver to have the registrations encumbering the business cancelled; the provisions of article R. 642-38 shall apply. However, no proof of purge is required.

The administrator or, failing this, the liquidator shall report to the official receiver on the execution of the acts enabling the plan to be implemented in accordance with Article L. 642-8. When he has completed his assignment, he shall file an end-of-assignment report with the registry under the conditions of articles R. 626-39 and R. 626-40.Article R. 626-41 is applicable.

The inalienability measure provided for in Article L. 642-10 is, at the behest of the administrator or, failing this, the liquidator, mentioned in the public registers in which the assets declared inalienable and the rights encumbering them are recorded. Failing this, it is mentioned in the register provided for in Article R. 521-1 if the debtor is registered in the Trade and Companies Register, or, as the case may be,…

Where, pursuant to Article L. 642-10, the decision adopting or amending the plan orders the temporary inalienability of the transferee’s movable equipment and has become final, the administrator or, failing that, the liquidator, requests that the inalienability order be entered in the register provided for in Article R. 521-1.

The court-appointed administrator, or failing that the liquidator, shall also indicate on the slip provided for in Article R. 521-6 whether the property may be moved and the duration of the inalienability measure.

Deregistration fees are included in the cost of registration.