In issue 817 of La Jaune et la Rouge (September 2026), the magazine of the École polytechnique community, Charles Morel, restructuring partner, answers questions in the “Vie des entreprises” section on the new tools available to companies in difficulty.
Business failures are rising and now affect many sectors. Charles Morel points out that restructuring can also be used to transform and relaunch a business, provided the procedure is opened early and dialogue with creditors starts well upstream.
He discusses classes of affected parties, which make it possible to recalibrate debt and equity with greater flexibility, and the growing interest of investors in these situations: the continuation plan, which lets an investor acquire equity at a discount rather than buy the assets, has become a far more attractive option than before.