insolvencies 1st quarter 2021

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The study in brief

26 714

opening of receivership and direct judicial liquidation

109 284

jobs threatened by these failures

713

openings of safeguard procedures

53 649

jobs threatened by these procedures

"The situation has changed little since last autumn. If the number of failing companies remains low, it is essentially due to the aid provided by the State, which has been maintained, but also to the fact that forced recovery procedures by tax and social security bodies have not been resumed."

- Max Jammot, Head of the economic department at Ellipshere

Max Jammot

Repayment of corporate debt?

In the context of "whatever it takes", the State has put in place numerous measures to support businesses in order to limit insolvencies: a winning bet in the short term but risky in the long term. In fact, the first measures benefited very small businesses, which were forced to stop their activities, with the Solidarity Fund*, which will have enabled two million companies to receive around 15 billion euros between March and December 2020. Today, the bill would amount to 4.5 billion per month for the State.

failures 2020
failures 2020

A new reinforcement of sanitary measures

The latest sanitary measures were recently extended to the entire French territory, from April 3 to at least May 2. Only essential businesses are currently authorized to open; a decision that now includes bookstores, record shops, hairdressers, florists, shoemakers and garden centers... Real estate visits are still possible.

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