This article institutes a reorganization procedure available to any debtor referred to under Articles L631-2 or L631-3
which, being unable to pay its accrued liabilities with its quick assets, is in a state of cessation of payments.
The purpose of the reorganization procedure is to allow the continuation of the business's operations, the
maintenance of employment and the settlement of its liabilities. It shall give rise to a plan to be confirmed by a court
ruling at the end of an observation period and, as the case may be, to the formation of two committees of creditors
according to the provisions of Articles L626-29 and L626-30.