The judicial administrator Hélène Bourbouloux, known as the “Bankruptcy Madonna”, has won a lot of battles. She has managed over 2,000 accounts and saved thousands of jobs. Today, she is preparing to confront an unprecedented economic whirlwind. Hélène Bourbouloux (H.95)1995: Graduated from HEC 1998: Launched her own business with a partner 2007: Co-founded FHB, which provides expert services by eight judicial administrators at 14 locations 2013: Began the first Rapid Financial Safeguard Procedure for the Soflog group 2014: Won the HEC Women “Trajectories” prize 2020: Managed the accounts of Solocal, Novares, Presstalis, Rallye (Casino shareholder) and others. Her voice is soft, but her tone is serious. While the rest of us may have trouble comprehending the unfolding crisis, Helene Bourbouloux knows that the countdown has already begun. “I can take the time to answer your questions because I only have four more meetings today,” she says.  Keep in mind that it’s Sunday. We are in the seventh week of the lockdown in France.  This lively woman, always with something to say, is one of France’s 150 judicial administrators, mandated by courts to assist companies in difficulty. Such companies, after their situations have been analyzed, seek the best possible solutions (safeguarding, going into receivership, restructuring, closing down…), submit any takeover bids to the courts, and then try to save as many jobs as possible.  “I sensed that a crisis was coming even before the lockdown. You could feel a kind of feverishness in certain companies, especially ones affected by covid 19’s […]

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