The proportion of resources required for the household’s current expenses is set by the commission and mentioned in the conventional recovery plan provided for in article L. 732-1 or in the measures provided for in articles L. 733-1 or L. 733-4.
If the examination of the request for treatment of the over-indebtedness situation reveals that the debtor is in the situation defined in the first paragraph of article L. 724-1 and that the debtor is the owner of a property, the commission shall endeavour to reconcile the parties with a view to drawing up a conventional recovery plan approved by the debtor and his main creditors.
The contractual plan may include measures to defer or reschedule debt payments, to forgive debts, to reduce or eliminate the interest rate, to consolidate, and to create or substitute collateral.The plan may make these measures conditional on the debtor performing acts to facilitate or guarantee payment of the debt. It may also make them conditional on the debtor refraining from acts that would aggravate his insolvency.
The plan sets out the arrangements for its implementation. Its total duration, including when it is revised or renewed, may not exceed seven years. The measures may, however, exceed this duration when they concern the repayment of loans taken out for the purchase of a property constituting the debtor’s principal residence, the sale of which they make it possible to avoid, or when they enable the debtor to repay all…
In the absence of a conciliation mission or in the event of its failure, the commission may, at the request of the debtor and after having given the parties the opportunity to provide their observations, impose all or some of the following measures: 1° Reschedule the payment of debts of any kind, including, where applicable, by deferring the payment of part of them, without the deferment or rescheduling period exceeding…
If, on expiry of the period of suspension of payment of claims, the debtor refers the matter to the commission again, the latter shall re-examine the situation. Depending on this, the commission may impose all or some of the measures provided for in Article L. 733-1 and Articles L. 733-4 and L. 733-7 with the exception of a new suspension. It may, where appropriate, impose a personal recovery without judicial…
The total duration of the measures mentioned in article L. 733-1 may not exceed seven years. Measures may, however, exceed this period when they concern the repayment of loans taken out for the purchase of a property constituting the debtor’s principal residence, the sale of which they enable the debtor to avoid, or when they enable the debtor to repay all of his debts while avoiding the sale of the…
The commission may also, at the request of the debtor and after giving the parties an opportunity to present their observations, impose the following measures by special reasoned decision: 1° In the event of the forced sale of the debtor’s main home, encumbered by a registration benefiting a credit institution or finance company that provided the sums necessary for its acquisition, the reduction of the amount of the fraction of…
The commission takes into account the knowledge that each of the creditors may have had of the debtor’s debt situation when the various contracts were concluded. It may also check that the contract was entered into with the seriousness required by professional practice.
Subject to article L. 711-4, tax debts may be rescheduled or forgiven in full or in part under the same conditions as other debts.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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