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Reorganization loan 35
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Real estate credit 35

Repurchase credit, solutions credit in the department in the ile and vilaine, area of the 35 - France
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Recommendations of rectification suggested by the Commission of over-indebtedness


The request for recommendations


The Law allows the debtor in the event of failure of the conciliation, to require of the commission, within fifteen day, to present recommendations to the creditors for rectification of his situation.

The Commission has two months to enact to make its recommendations. Since the new Law of July 29, 1998 n° 98-657, these measurements can be installation for one eight years duration.


The recommendations suggested by the Commission can be simply those already envisaged by the recovery package which was failed.

The Commission can also work out recommendations different from those resulting from the negotiations, in this case, they can be more interesting for the debtor, since they do not result inevitably from friendly negotiations with the creditors.

The recommendations which the Law authorizes the Commission to take


The commission is authorized by the L.331-7 article of the Code of Consumption with:

to defer or re-spread the payment of the debts (others that tax, special taxation or towards the social security offices), without the time of carryforward or rééchelonnement being able to exceed either eight years, or half of the duration of refundings remaining to run


To initially charge the payments to the capital, to prescribe on special and justified decision and if the situation of the debtor requires it, that the sums corresponding to the deferred or re-spread expiries will take interest in a reduced tax who cannot be higher than legal interest rate in progress and this whatever the duration of the recovery package


To take recommendations in the event of compulsory sales or friendly principal housing compulsory sales.


In the event of compulsory sales it can reduce refundings after the sale of the good. In the event of friendly sale, it can make recommendations to avoid the sale at low prices.


Note: The commission does not have the possibility of making recommendations as regards food debts (alimonies, compensatory service)


Recall: the creditors who were not advised recommendations taken by the Commission of rectification suggested are not concerned with these measurements.


Grounds for appeal


The commission delivers its opinion in the two months of its sasine. This opinion is communicated to the parts by registered letter with notice of receipt. Each one has then deadline a fifteen days as from the reception of the aforesaid the letter to dispute the recommendations of the Commission proposed to the Judge of Execution.


Procedure in front of the Judge of the Execution


The Judge of the Execution intervenes in three situations:

- to check the credits,

- to confer executory force on the recommendations or moratorium of the Commission of Surenttement,

- in the event of dispute of one or more creditors of the recommendations suggested by the Commission of Over-indebtedness,

The role of the judge in the event of absence of constestation of the recommendations

In this case, the Judge has little to be able, it only must checks the conformity of the recommendations with the Law, without being able to modify them or supplement them.


If the recommendations suggested by the Commission are in conformity with the Law, the judge returns an ordinance giving executory force to the recommendations and appendix the recommendations with his decision.


If the judge notes that the recommendations suggested by the Commission of Over-indebtedness are not in conformity with the Law, it asks the Commission to make new recommendations in conformity with the texts.


Note: These two decisions of the judge are not likely of call.


The role of the judge in the event of dispute of measurements recommended


The creditors or the debtor who wish to dispute the measurements recommended in the general case or the moratory framework it, must make a statement with the secretariat-Clerc's Office of the Judge of the Execution, in the fifteen days of the notification of the recommendations.


It does not act more than one simple procedure governed by the Code of Consumption, but of a traditional procedure governed by the New Code of Civil procedure.


The parts can however defend themselves or be made represent by a person of their family, the ministry of Lawyer not being obligatory.

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Reorganization loan 35

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