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The Insolvency Court will enter an Order for self-administration requested by thecompany, only if there are no circumstances that lead to the expectation that selfadministrationcould negatively affect the company’s creditors. If the preliminarycreditors’ committee unanimously supports the company’s request for selfadministration,the Insolvency Court must grant the motion. The Insolvency Courtwill appoint an insolvency trustee to supervise the management of the selfadministeringcompany. 45The insolvency trustee will exercise many of the rightsand powers that an the insolvency administrator might weild in regular insolvencyproceedings, such as the right to avoid preferential or gratuitous transfers.The order of self-administration can be subsequently revoked by the Court. If theself-administration is to be combined with an insolvency plan, the debtor can alsoapply for a so called “combined proceeding” (see Paragraph III. A. 12. , supra).Self-administration requires thorough preparation before the company files theinsolvency petition. In order to successfully complete the self-administraton, thecompany must gain the support of its main creditors, prepare restructuringmeasures, and install new management with restructuring experience.AnInsolvency Court will delay or deny self-administration if no experienced insolvencypractitioner is part of the management team.b. FranceIn France, the concept of self-administration applies to pre-insolvency proceedingsthat may be initiated by the company. Under self-administration, the directors andCEO of the company remain in control. (See Paragraph III. A. 12. b., infra, for adiscussion of pre-insolvency, self-administration proceedings in France.)45 The company should file a motion for self-administration along with the initial insolvency petition,so the Court will appoint a preliminary insolvency trustee instead of a preliminary administrator.31