These professionals, who intervene in companies in difficulty, see their income decrease due to the drop in business failures. They want to be able to perform new functions.
When the main market dwindles, other sources of income have to be found. This is the fight in which administrators and legal representatives are engaged. These two regulated professions, which intervene in companies in difficulty, are among the losers of the fall in failures for two years, alongside specialist lawyers and “restructuring” firms.
Thanks to the public support granted to companies during the Covid pandemic, the number of collective safeguard, receivership or judicial liquidation proceedings fell by 45% between 2019 and 2021 in France, according to the firm Altares.
Read alsoBankruptcies continue to decline
In addition, the few companies that today file for bankruptcy are often in a catastrophic situation, with few, if any, assets to sell.. “These impecunious files now represent more than 80% of cases, against 50% to 60% previously, underlines Frédéric Abitbol, president of the CNAJMJ (National Council of Administrators…
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