Bankrupcy law in France can be traced up to the Middle Ages. From the initial objective to punish, the French legislation has evolved in order to preserve viable firms (1967) and, more recently, to preserve “general interest” (1985). This article summarizes this evolution and the main features of the different laws.
CHARLETY-LEPERS, P. (1997). Loi sur les défaillances en France : du code de Colbert à la réforme Badinter. Les Echos – supplément hebdomadaire : L’Art d’Entreprendre, pp. 8.