Frédéric Abitbol, the president of the Council national des administrateurs judiciaires et des mandataires judiciaires, assuages the Senate's concerns about the rise in company bankruptcies in France. He attributes the increase to post-COVID normalcy, with most bankruptcies being small businesses. The number of bankruptcy proceedings is expected to reach 50,000 this year, a level similar to 2018 pre-COVID. Despite this, Frédéric Abitbol emphasizes the effectiveness of the judicial system in supporting French companies, with 70-80% of companies paying off their government-guaranteed loans. Additionally, he addresses the issue of repayments for government-guaranteed loans, stating that 96% of these payments are made.

Rise in Company Bankruptcies in France

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