Conciliation is a fairly simple and confidential procedure; no publicity is made and the parties to the agreement are under an obligation of confidentiality.
The objective of the conciliation procedure is to seek an amicable agreement between you and your main creditors and/or partners, in order to resolve any financial or other difficulties you may encounter, with the help of a third party, the conciliator.
Individuals or legal entities exercising a commercial, craft or liberal activity.
The company must not be in a state of cessation of payment for a duration of more than 45 days.
It is facing a proven or foreseeable economic, legal, or financial difficulty
The Agreement is presented to the President of the Court:
– Agreement noted
– Agreement approved
It is enforceable as a judgment
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