(47) In this situation, in order to establish whether the public creditors acted in accordance with the private creditor principle, the Commission deems it necessary to make an estimate of the maximum amount that the tax and social security authorities could have recovered if they had not signed the agreements, which would have meant that the company would have gone into bankruptcy.
(47) Dans ces conditions, afin de vérifier si les créanciers publics ont agi conformément au "principe du créancier privé", la Commission considère qu'il convient d'estimer le montant maximal que ces deux organismes auraient pu récupérer s'ils n'étaient pas parvenus à l'accord, ce qui aurait entraîné la faillite.