When the official or head of company (assisted by the accountant) identifies the cessation of payments, he must complete the following declaration of cessation (cerfa No 10530): Service en ligne : Declaration of cessation of payments This form must be submitted in a 45-day period from the termination of payments at the registry of the competent court depending on the nature of the activity. When completing the declaration of cessation of payments, the director must choose between the opening of a procedure for reorganization or judicial winding-up. It opts for recovery if a plan can improve the financial situation of the company, or for liquidation if the situation is irreparably compromised. En savoir plus sur Entreprendre.Service-Public.fr