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Finance division

Accounting takeover, fast closings and structured report for the court - Expert-Comptable DEC available within 48 hours

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Our financial missions during insolvency proceedings

Taking over accounting and cash management

Immediate assessment of the accounting and payroll situation. Recovery of accounting records, access to software, employee inventory, unpaid wages, accrued leave, and evaluation of residual cash. The diagnostic is completed within 24-48 hours to allow the court-appointed administrator to make the right emergency decisions.

Deliverable: Comprehensive diagnostic report, secure access to accounting data.

Assigned profile: Expert-Comptable DEC

Timeline & Actions

Emergency: D+0 to D+3

  • Flash accounting audit
  • Payroll status review
  • Cash position assessment

Fast closings and AGS statements

Employee management is critical: assistance with the preparation of individual AGS statements, liquidation payslips and certified final settlement payments, France Travail certificates, employment certificates, assistance with CSP application files. Accounting closings are completed in 5 days instead of 15 days in a traditional firm. Coordination with URSSAF, pension funds, health insurance and provident funds.

Deliverable: Transmission of existing payroll data.

Assigned profile: Expert-Comptable DEC

Timeline & Actions

Critical: D+1 to D+15

  • Individual AGS statements
  • Liquidation payslips
  • CSP application files
  • URSSAF, pension funds, health insurance settlement

Verification and classification of liabilities

Creditors have 2 months to file their claims. Our audit verifies each filing: amount accuracy, supporting documents, priority ranking. Documented proposals for admission, rejection or challenge. If the accounting records are incomplete, reconstruction based on available documents to validate the liabilities.

Deliverable: Liabilities audit report, list of admitted/rejected claims, proposals classified by ranking.

Assigned profile: Financial auditor, senior accountant

Timeline & Actions

In progress: D+15 to D+60

  • Claims analysis
  • Compliance verification
  • Priority ranking classification

Cash management during the observation period

In judicial reorganization, cash flow determines the company's survival during the observation period. We prepare a cash flow forecast, monitor receipts and disbursements, and produce a weekly report for the court-appointed administrator and the judicial administrator.

Deliverable: Cash flow forecast, weekly reporting, alerts in case of deviation.

Assigned profile: Expert-Comptable DEC

Timeline & Actions

Ongoing (observation period)

  • Cash flow forecast
  • Receipts/disbursements monitoring
  • Weekly reporting
  • Deviation alerts

Asset inventory and valuation

Comprehensive inventory of tangible assets (machinery, inventory, vehicles, furniture) and intangible assets (trademarks, patents, commercial leases, goodwill). Realizable value estimation in coordination with the auctioneer. Identification of transferable assets and disposal strategy recommendation.

Deliverable: Valued asset inventory, disposal strategy recommendation.

Assigned profile: Expert-Comptable DEC, financial auditor

Timeline & Actions

In progress: D+5 to D+30

  • Tangible asset inventory
  • Intangible asset valuation
  • Auctioneer coordination
  • Disposal strategy

Transfer plan assistance

In judicial reorganization, when a transfer plan is being considered, we prepare the financial data room for prospective buyers: financial statements, ongoing contracts, off-balance-sheet commitments, cash flow projections. Support to the court-appointed administrator during the financial due diligence phase with potential buyers.

Deliverable: Complete financial data room, financial presentation note, due diligence assistance.

Assigned profile: Expert-Comptable DEC

Timeline & Actions

Per court schedule

  • Financial data room preparation
  • Presentation note
  • Due diligence support
  • Responses to buyer inquiries

Tax filings for distressed companies

Assistance with tax filings for companies subject to insolvency proceedings (VAT, corporate/income tax, local business taxes), within statutory deadlines. Support for setting up payment schedules with the tax authorities.

Deliverable: Assistance with tax filings and payment schedule requests to the authorities.

Assigned profile: Expert-Comptable DEC

Timeline & Actions

Parallel (throughout)

  • Asset audit
  • Valued estimate
  • Sales strategy

Structured report for the court and creditors

Final phase: creditors classified by legal priority ranking. Production of the structured report for the commercial court and creditors, with complete supporting documents. Document directly usable by the court-appointed administrator for closing the proceedings.

Deliverable: Structured report for the commercial court, final distribution statement, signed statement of accounts.

Assigned profile: Expert-Comptable DEC

Timeline & Actions

Finalization: End of proceedings

  • Creditor classification
  • Court hearing preparation
  • Statement of accounts

Key deliverables

A turnkey package, delivered directly to the proceedings bodies, with no additional burden on the company.

Accounting and cash documents

Reconstructed financial statements, general ledger, trial balance and residual cash position, ready to use for the court-appointed administrator.

Fast closings and AGS statements

Assistance with the preparation of individual AGS statements, assistance with liquidation payslips and certified final settlement payments, assistance with CSP application files.

Creditors list

Comprehensive inventory and classification by legal priority ranking, immediately usable by the commercial court.

Zero burden on the company

Artgrade collects, structures and transmits all documents to the proceedings bodies. The company has no additional steps to take.

Urgent case?

Contact us for immediate handling of the financial component.

Contact us
contact@artgrade.fr