European Creditors- Articles-
Declaration of claims in French insolvency proceedings: Application of the Council Regulation n°1346/2000 of 29 May 2000 to European Creditors3 avril 2014 | CMS FL
The declaration of claims is the first step to be taken by a creditor of an insolvent company in order to preserve its rights in the insolvency proceedings and must be drafted with the utmost care. Indeed, the declaration of claims entitles the creditor to participate in the allocation of funds and the distribution of dividends. A creditor who fails to declare its claims shall be excluded from participating.