Insolvency and business crisis
The introduction of the Corporate Crisis and Insolvency Code (CCI), with Legislative Decree 14/2019, has deeply changed the insolvency regulations set out in the Bankruptcy Law of 1942, introducing new and more suitable institutions and negotiation tools to deal with corporate crisis.
Negotiated settlement, certified recovery plans, moratorium agreements are some of the tools available to the entrepreneur to solve issues related to corporate crisis.
Moreover, the CCI has innovated the procedures for the settlement of over-indebtedness crises for those who are not subject to judicial liquidation, guaranteeing access to the following instruments, and with the aim of obtaining the so-called fresh start:
- Restructuring of consumer debts.
- Concordato minore.
- Liquidation of the debtor’s assets.
Particularly important is the possibility of accessing to exdebitation (discharge), which will render uncollectable all debts accrued prior to the opening of the controlled liquidation procedure.
The firm carries out its activities in the field of corporate and over-indebtedness crises, with collaboration of accountants and other qualified consultants, if necessary.