Chapter V: Professional recovery

The closure of the professional recovery procedure entails the wiping out of debts with regard to creditors whose claim arose prior to the judgment opening the procedure, was brought to the attention of the judge appointed by the debtor and was the subject of the information provided for in Article L. 645-8. Debts corresponding to employee claims, maintenance claims and claims mentioned in 1° to 3° of I and II…

When, after pronouncement of the closure of the professional recovery procedure in application of article L. 645-10, it appears that the debtor has obtained the benefit of this procedure through an incomplete description of his assets or liabilities, the court, if it is seised with a view to opening judicial liquidation proceedings, may, in its judgment, set the date of cessation of payments at the date of opening of the…