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Title III: MEASURES FOR DEALING WITH OVER-INDebtedness

Article R731-1 of the French Consumer Code

For the application of the provisions of articles L. 732-1, L. 733-1 and L. 733-4, the proportion of the debtor’s monthly resources to be used to pay off his debts is calculated in accordance with the conditions set out in articles L. 731-1, L. 731-2 and L. 731-3, by reference to the scale provided for in article R. 3252-2 of the French Labour Code. However, this sum may not exceed…

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Article R731-3 of the French Consumer Code

The amount of the household’s current expenses is assessed by the commission, either for their actual amount on the basis of items declared by the debtor, or according to the scale set by its rules of procedure and taking into account the composition of the family. The rules of procedure specify the conditions and procedures under which expenses are taken into account for their actual amount or according to the…

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Article R732-2 of the French Consumer Code

The conventional reorganisation plan states that it is automatically null and void fifteen days after an unsuccessful formal notice sent to the debtor to perform its obligations, without prejudice to the exercise of the options provided for in Articles L. 721-1, L. 721-4, L. 721-6, L. 721-7, L. 722-3, L. 722-4 and L. 722-6.

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Article R733-1 of the French Consumer Code

When the commission finds that it is impossible to obtain the agreement of the interested parties on a conventional plan, it notifies the debtor by registered letter with acknowledgement of receipt and the creditors by simple letter. These letters shall state that the debtor may, within fifteen days of the notification referred to in the first paragraph, refer the matter to the commission for the purpose of having the measures…

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Article R733-4 of the French Consumer Code

When, pursuant to the provisions of article L. 732-4, the commission finds that the debtor’s situation, without being irretrievably compromised, does not allow for the repayment of all debts and that, as a result, its conciliation mission appears manifestly doomed to failure, it informs the debtor and the creditors by registered letter with acknowledgement of receipt.

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