Guide
PDAL, voluntary liquidation or bankruptcy: the differences
All three end a company, but not in the same way or for the same reasons. Here is a simple table to find your bearings.
At a glance
- PDAL. Automatic dissolution, with no liquidator, for a company with no assets and no employees that shows serious breaches. At the initiative of the public prosecutor.
- Voluntary liquidation. Decided by the shareholders, with a liquidator who settles assets and liabilities. For a company that can pay its debts.
- Bankruptcy. Declared by the court when the company has stopped paying its debts. A trustee is appointed.
How to choose
- The company has nothing left and accumulates breaches: PDAL is a risk. Act within the deadline.
- The company is sound and you want to close it: voluntary liquidation.
- The company can no longer pay its debts: bankruptcy, with a lawyer.
Do not confuse them
A company under PDAL is not bankrupt, and a company in payment difficulty falls under another procedure. To choose, a lawyer reviews the situation. Write to us if you want help preparing the file.
Frequently asked questions
Can you move from one procedure to another?
It depends on the state of the company and the timing. A lawyer tells you what remains possible.
Which costs the least?
It varies with the company and the professionals. We give a quote after a first conversation.
Let's talk about your company.
Describe your situation. We reply with a first view of the way forward.