The process started 6 months ago has reached a conclusion. They must have owed too much to be bailed out. Before Christmas Loeb was linked to Pesca, so I suspect they have a cunning plot.
It not hit the English press yet, and according to Le Figaro and Bing
"The Pescarolo Team was placed in receivership on Tuesday. The Le Mans structure will be difficult to recover from this umpteenth hit hard even though its iconic founder is still believes. The verdict fell Tuesday. And it was not favourable to the Pescarolo Team. Le Mans trade tribunal decided the liquidation the famous Le Mans structure, announced Le Maine Libre. Prey to serious financial problems for several years, the team had been placed since the month of July as a backup procedure which augured no good.
