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Article L724-3 of the French Consumer Code

In the case mentioned in article L. 724-2, after noting the debtor’s good faith, the commission imposes a personal recovery without judicial liquidation or refers the matter to the protection litigation judge for the purpose of opening a personal recovery procedure with judicial liquidation.

This decision or referral suspends and prohibits enforcement proceedings against the debtor’s assets as well as assignments of remuneration granted by the debtor and relating to debts other than maintenance debts. The provisions of article L. 722-5 shall apply.

Original in French 🇫🇷
Article L724-3

Dans le cas mentionné à l’article L. 724-2, après avoir constaté la bonne foi du débiteur, la commission impose un rétablissement personnel sans liquidation judiciaire ou saisit le juge des contentieux de la protection aux fins d’ouverture d’une procédure de rétablissement personnel avec liquidation judiciaire.

Cette décision ou cette saisine emportent suspension et interdiction des procédures d’exécution diligentées à l’encontre des biens du débiteur ainsi que des cessions de rémunération consenties par celui-ci et portant sur les dettes autres qu’alimentaires. Les dispositions de l’article L. 722-5 sont applicables.

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