I believe today (24th Sept) is the end of ResidHotel's 6-month safeguard (administration) period. So, it should be decided today whether the company is to be continued or liquidated. If anyone finds out the outcome, please let us know asap by posting here.

Commentaires

I recently received some information about ResidHotel from my French solicitor. Apparently, there will be a hearing in the Cannes court on 6 October to re-assess Rhode Tourisme's insolvency situation. It seems 24 September was not the hearing date, just the end of the initial observation period. As reported by others, they will request an extension of the observation period. Apparently, Rhode Tourisme has a positive cash flow following a good Summer season, but they still have a lot of debt and will present a continuation plan to the court, containing a schedule for settling their debt. However, the many claims against them (such as the "declaration de creance" claims from us) are still being checked by the Receiver and this will take a lot more time. So it doesn't sound like we will know the fate of ResidHotel and our claims for a few months yet.

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