Liquidation of SFAM: more than 14 million owed to URSSAF and “too significant liabilities”

Liquidation of SFAM: more than 14 million owed to URSSAF and “too significant liabilities”
Liquidation of SFAM: more than 14 million owed to URSSAF and “too significant liabilities”

The Paris Commercial Court pronounced on April 24 the judicial liquidation of SFAM, on assignment by URSSAF Rhône-Alpes. Nearly ten days later, the expected have just been notified. They allow us to know more about the court’s motivations which led to this decision.

In particular, we learned that the company owed more money to URSSAF than we thought until now: more than 14 million 347 thousand eurosi.e. the amount of receivables over a period from January 2021 to January 2024. Of this sum, 1 million 100 thousand euros only concerns the late payment increase.

“Not the slightest supporting document that is credible”

According to the report, the deputy public prosecutor declared during the hearing that it was “more than urgent to put an end to this situation”. She particularly highlighted the “embezzlement of withholding taxes since 2020” – in other words, the company has indeed deducted social security contributions from the salaries of its employees, but without subsequently paying them back -, and “that the state of cessation of payments worsens exponentially”. The existence of other tax debts and the criminal proceedings launched against the company and its managerand complaints that “continue to pour in”.

“The company is clearly unable to meet its due liabilities with its available assets” further clarifies the text, “a recovery cannot be considered for the following reasons: too large liabilities”.

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