Clarifying the Existing Approaches to Prevent Companies from Bankruptcy in the Bill of Trade and the France's Law

The consequences of the bankruptcy of trade companies not only influence the companies themselves, but also the whole economy of a country. Therefore, some countries have tried to avoid the bankruptcy of companies through different methods, and France is one of them. The present study exploits an analytical-descriptive approach to investigate the existing ways in the Iran’s bill of trade and France’s law to avoid bankruptcy, and shows the importance of this kind of provisions to avoid bankruptcy in France. Also, in our country, some useful percussions were considered in the trade bill legislated in 2006, which unfortunately were removed in 2013, and it is expected another attempt to be made for rearranging some rules in this field, because these rules will offer opportunities to companies and managers unsuccessful in the unsteady market for reviving their complex, prevent them from bankruptcy, and inhibit its negative effects on the economy of the country.