Section 5: Plan

Exceptionally, if the judge considers that compulsory liquidation can be avoided, the judge shall draw up, where appropriate on a proposal from the trustee, a plan comprising the measures referred to in Articles L. 733-1, L. 733-4 and L. 733-7.

The judgment adopting the plan makes it enforceable against all parties. The duration of the plan is set by the judge and may not exceed seven years. It may not exceed seven years.If the plan is not implemented, the judge will order its termination.The plan may, however, exceed this duration when the measures it includes concern the repayment of loans taken out to purchase a property that constitutes the debtor’s…