What is Cession Des Biens?

Legal Definition
In French law. The surrender which a debtor makes of all his goods to his creditors, when he finds himself in insolvent circumstances. It is of two kinds, either voluntary or compulsory, (judiciaire,) corresponding very nearly to liquidation by arrangement and bankruptcy in English and American law.
-- Black's Law Dictionary
Legal Definition
(French) An assignment for the benefit of one’s creditors.
-- Ballentine's Law Dictionary