Managing Overindebtedness Crisis
Law 3/2012
Structured and personalized legal solutions aimed at restoring financial and legal balance in the territory of Codigoro, using virtual tools
DEBT RESTRUCTURING PROCEDURES IN CODIGORO
Being in a state of overindebtedness can be difficult, but there are tools to manage it.
- Every day, many people and companies face apparently insurmountable financial difficulties.
- The good news is that legal solutions and procedures specifically designed to manage and resolve these issues exist, both for consumers and for professionals and businesses. In the province of Ferrara:
- Calculate your debt reduction now
- HOW TO GET OUT?
- In the region of Emilia Romagna these are the tools that the law makes available to us:
- FOR CONSUMERS (natural persons not entrepreneurs)
- Negotiated composition of personal crisis
A procedure that allows direct negotiation with creditors to restructure debt, focusing on asset protection and income maintenance. - Debt discharge
A mechanism designed to free the debtor from residual debt, offering the possibility of obtaining a "fresh start" after meeting specific requirements and overcoming the crisis phase. - Judicial liquidation
A last resort solution, available in particularly serious situations, which involves the liquidation of assets to satisfy creditors and allow the debtor to make a fresh start.
- Negotiated composition of personal crisis
- FOR PROFESSIONALS AND SMALL ENTREPRENEURS
- Simplified agreement
Ideal for subjects in crisis with limited personal or business profiles; this procedure offers strong debt reduction in a rapid and simplified manner, protecting income or personal financial stability. - Negotiated composition of crisis
A flexible tool that allows defining, through direct negotiations, a debt restructuring plan, adaptable to the specificities of the profile and financial situation. - Debt discharge
In some cases, after going through the negotiated composition phase, it is possible to access a debt discharge mechanism that allows cancellation of residual debt.
- Simplified agreement
- FOR ENTERPRISES (large and small)
- Negotiated composition of crisis
The central tool for restructuring business debt, aimed at obtaining a plan negotiated with creditors that allows maintaining productive continuity. - Preventive agreement in continuity
Aimed especially at larger enterprises. This tool allows drafting a restructuring plan that preserves business value and continuity, balancing creditor protection with the company's ability to continue operations. - Judicial liquidation and liquidatory agreement
In irreversible situations, these simplified liquidation tools allow realization of business assets to satisfy creditors, eliminating the social stigma of bankruptcy.
- Negotiated composition of crisis
- THE LAW FIRM
- WHO WE ARE
- L'Aurora Law Firm, with multi-year experience in managing overindebtedness crisis, is ready to offer you personalized assistance throughout the national territory, with the clear objective of helping you face this difficult scenario.
- We have a clear and well-structured process that will allow you to proceed step by step without feeling overwhelmed.
- Every case is different, so the procedure will be carefully evaluated to verify its admissibility according to current legislation.
- Initial consultation meeting
- WHAT IS OVERINDEBTEDNESS AND WHAT DOES IT ENTAIL?
- Overindebtedness occurs when a person or company is no longer able to regularly fulfill its financial obligations.
- It is a condition in which accumulated debt exceeds the ability to repay it, leading to a situation of financial crisis that may seem hopeless.
- Executive procedures do not stop on their own, and the longer you wait, the fewer options you have.
- Book your first meeting now
- EFFICIENT REMOTE MANAGEMENT THROUGHOUT ITALY
- Debt restructuring is managed by the firm through a structured and widely tested telematic process at the national level.
- Thanks to a consolidated method, each phase is followed with precision, ensuring security in document management and constant assistance via email, phone or videoconference.
- We are available not only in Terracina and in the province of Latina, but also virtually throughout Italy, in the cities of Rovigo, Taglio di Po, Riva del Po, Copparo, Ferrara, Porto Viro, Crespino, Masi Torello, Adria, Porto Tolle, Gavello e Loreo.
- As this is a nationally regulated procedure, distance does not affect the effectiveness of legal intervention.
- Book your first meeting now
- BENEFIT FROM FLEXIBLE AND RESPONSIVE LEGAL CONSULTATION
- We propose various forms of assistance dedicated to resolving your legal queries with versatility and certified professional competence.
- Using videoconferencing tools such as Google Meet and WhatsApp, we operate in digital format at Codigoro and at national territorial level, providing qualified legal assistance and reachable in any required context.
- Introductory Meeting Preliminary meeting free from consulting services. Objective: to identify needs and frame the nature of the legal question.
- Analysis and Evaluation Meeting for critical examination and evaluation of presented documents aimed at a preliminary thorough study. Objective: to outline with transparency the operational course to undertake and provide specialized preparatory consulting.
- Strategic Consultation In-depth and priority processing of produced documentation accompanied by consultation and 2 follow-ups. Objective: to develop an integral legal strategy and configure a detailed operational course for matters of particular complexity.
- WHO WE ARE
In Codigoro, here are the 5 main overindebtedness procedures available provided by the Code of Business Crisis and Insolvency (CCII), former Law 3, introduced with Legislative Decree 12 January 2019, n. 14 and subsequently amended.
- 1. NEGOTIATED COMPOSITION OF CRISIS
- Eligible subjects
- Consumers (natural persons not entrepreneurs)
- Professionals and small entrepreneurs
- Minor enterprises
- Features
- Allows debt restructuring through direct negotiations with creditors.
- Offers a flexible and personalized restructuring plan.
- Promotes rapid intervention to contain crisis worsening.
- How does it work?
- Eligible subjects
- Initial consultation meeting
- Calculate your debt reduction now
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- 2. DEBT DISCHARGE
- Eligible subjects
- Consumers in crisis with specific requirements
- In some cases, also professionals and minor entrepreneurs
- Features
- Allows cancellation of residual debt (fresh start) after meeting specific requirements.
- Requires compliance with specific regulatory thresholds and requirements.
- Promotes financial reinsertion with significant reduction of burdens.
- How does it work?
- Eligible subjects
- Initial consultation meeting
- Calculate your debt reduction now
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- 3. SIMPLIFIED AGREEMENT
- Eligible subjects
- Subjects in crisis with reduced repayment capacity, particularly those of advanced age
- Consumers or businesses in conditions of moderate crisis
- Features
- Fast and agile procedure to obtain strong debt reduction.
- Simplified procedures compared to traditional agreement.
- Lower procedural costs and reduced implementation times.
- How does it work?
- Eligible subjects
- Initial consultation meeting
- Calculate your debt reduction now
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- 4. PREVENTIVE AGREEMENT IN CONTINUITY
- Eligible subjects
- Non-minor enterprises, especially those that must preserve business continuity
- Companies in crisis with significant assets and need to maintain operations
- Features
- Restructuring planning that allows continuation of business operations.
- Balance between creditor protection and recovery of productive capacity.
- Structured approach with homologation of the restructuring plan.
- How does it work?
- Eligible subjects
- Initial consultation meeting
- Calculate your debt reduction now
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- 5. JUDICIAL LIQUIDATION AND LIQUIDATORY AGREEMENT
- Eligible subjects
- Debtors in situation of irreversible crisis
- Subjects who cannot access restructuring pathways
- Features
- Liquidation procedure aimed at controlled distribution of assets.
- Simplified procedures to reduce time and costs of the procedure.
- Aims to satisfy creditors through asset liquidation, eliminating the social stigma of bankruptcy.
- How do they work?
- Eligible subjects
- Initial consultation meeting
- Calculate your debt reduction now
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- DIFFERENCES FROM PREVIOUS LEGISLATION
- Greater flexibility
The new rules of the Crisis Code have introduced greater flexibility in the management of overindebtedness crises. - Simplification of access to debt discharge
The process for accessing debt discharge has been simplified, facilitating non-bankruptcy subjects. - Objective
These procedures are designed to offer a way out to individuals and small businesses that cannot access traditional bankruptcy procedures such as insolvency, allowing them to resolve situations of serious economic difficulty. - Back to top
- Greater flexibility
HOW DO THE DEBT RESTRUCTURING
PROCEDURES WORK?
- NEGOTIATED COMPOSITION OF CRISIS
- Initial assessment
- Financial documents are collected and repayment capacity is verified.
- Definition of a plan
- A preliminary meeting is held to analyze the situation and define a negotiated plan.
- Negotiations with creditors
- Initiation of direct negotiations to agree on debt restructuring.
- Formalization of the plan
- The plan is drafted and, if necessary, presented to the court for homologation.
- Initial assessment
- DEBT DISCHARGE
- Verification of requirements
- Verification that regulatory requirements are met and necessary documentation is collected (balance sheets, statements, etc.).
- Submission of the application
- Sending of the request to the competent authority for debt discharge.
- Required compliance
- Execution of compliance requirements (e.g., informational meetings or training courses) provided for by law.
- Obtaining fresh start
- Residual debt is partially or fully cancelled, allowing a fresh financial start.
- Verification of requirements
- SIMPLIFIED AGREEMENT
- Document preparation
- Collection of information and financial documents, with the support of a lawyer.
- Drafting of the proposal
- A simplified proposal for debt reduction is developed, with clear objectives.
- Negotiation with creditors
- Presentation and discussion of the proposal with creditors to reach an agreement.
- Homologation and implementation
- The court homologates the plan, which is then implemented to obtain debt reduction.
- Document preparation
- PREVENTIVE AGREEMENT IN CONTINUITY
- In-depth business analysis
- Collection of up-to-date balance sheets and documentation to assess the state of the business.
- Drafting of the restructuring plan
- Development of a plan that provides for continuation of business operations, balancing creditor needs with continuity safeguards.
- Meetings and negotiations
- Initiation of discussions with creditors and, possibly, with a professional to define plan terms.
- Submission to the court
- The plan is submitted for homologation, thereby activating the restructuring procedure.
- In-depth business analysis
- JUDICIAL LIQUIDATION AND LIQUIDATORY AGREEMENT
- Evaluation of the irreversible situation
- In-depth analysis to determine whether debt restructuring is no longer possible.
- Preparation of the application
- Collection of necessary documentation and submission of the request to the court.
- Realization of liquidation
- Sale of assets to satisfy creditors, following a controlled procedure.
- Closure of the procedure
- Formal conclusion of the proceeding, with any residual measures for debtor discharge.
- Evaluation of the irreversible situation
- EXAMINATION OF YOUR FINANCIAL SITUATION
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Accurate evaluation and dedicated assistance to analyze your over-indebtedness.
- PERSONALIZED STRATEGIES
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Customized solutions to best manage your financial needs.
- INITIATION OF DEBT DISCHARGE PROCEDURE
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Complete support in document collection to proceed with debt discharge.
- LEGAL REPRESENTATION AND DEFENSE
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Court presence to protect your interests during each phase of the process.
- NEGOTIATIONS WITH CREDITORS
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Effective mediation to obtain advantageous payment conditions.
- DEBT CONSOLIDATION PLAN
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Development of a debt management plan suited to your economic situation.
- MONITORING AND CONTINUOUS ASSISTANCE
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Constant supervision and periodic updates to ensure compliance with the debt management plan.
- CONSOLIDATED EXPERIENCE
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Experts in law and resolution of over-indebtedness and financial restructuring cases.
- A HUMAN APPROACH
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We understand the challenges you face and work to offer concrete answers.
- WINNING SOLUTIONS
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Demonstrated results in negotiating advantageous solutions to restore clients' economic control.
LEGAL ASSISTANCE FOR OVER-INDEBTEDNESS IN CODIGORO
SOLUTIONS FOR DEBT DISCHARGE AND DEBT CONSOLIDATION
THE FIRM | WHO WE ARE
- The L'Aurora Law Firm is available for those seeking excellent virtual legal assistance and ad hoc solutions in Codigoro. We offer a wide range of personalized legal services designed to effectively meet the needs of private individuals, businesses and professionals.
- We remain constantly updated on the latest regulations and the most recent judicial trends, ensuring specific, targeted and cutting-edge legal assistance. Each client has particular and unique needs, which is why we dedicate ourselves to offering personalized and strategic consultations, aimed at resolving every legal issue quickly, effectively and professionally, both in private and work and business contexts.
- Our methodology is based on a scrupulous and meticulous analysis of each case, offering practical, concrete solutions always oriented towards protecting and safeguarding our clients' rights. For us, mutual trust, absolute transparency and clear communication are fundamental values, and for this reason we maintain continuous, open and direct contact with our clients, keeping them constantly and punctually informed.
- We provide qualified virtual consultation and assistance in Codigoro and in the region of Emilia Romagna in various legal areas, including civil, commercial, corporate, labor and criminal law. Whether it involves contract-related disputes, complex family matters or business litigation, we are at your complete service to offer you all the professional support necessary to face every situation with serenity, confidence and complete awareness.
- We operate with passion, determination and professional rigor to achieve concrete and measurable results, always aiming at the complete protection and safeguarding of our clients' rights and interests. Contact us for an initial introductory consultation and discover how we can be by your side in resolving your legal issues with expertise, seriousness and professionalism.
INSIGHTS FAQ
- How does inflation affect debt restructuring plans?
- Inflation adjustments may be included in plans, particularly for long-term restructuring. Plans can include indexation clauses tied to economic indicators.
- What happens to personal guarantees in restructuring?
- Personal guarantees are typically included in restructuring plans. Guarantors may negotiate reduced obligations or seek guarantee release under certain conditions.
- Can a debtor appeal a rejected restructuring plan?
- Yes, debtors can appeal plan rejection. Appeals must demonstrate that the original decision was legally flawed or circumstances have materially changed.
- How do inheritance or windfalls affect the restructuring plan?
- Unexpected inheritances or windfalls may trigger plan modifications. Plans often require increased payments if income or assets increase substantially.
- What protections exist for debtors with mental health issues?
- Mental health considerations may result in extended timelines or modified payment schedules. Legal representatives can advocate for appropriate accommodations.
- Can restructuring address both personal and business debts?
- Yes, for self-employed individuals, restructuring can address combined personal and business debts through integrated plans that address both components.
- How does spousal debt factor into family restructuring?
- In community property jurisdictions, spousal debts may be included. Plans can be tailored to address both individual and joint obligations.
- What is the impact of credit rating on plan approval?
- Past credit rating deterioration doesn't prevent plan approval but demonstrates need for restructuring. Judges focus on current financial capacity and plan feasibility.
- Can environmental or social considerations affect the plan?
- Some modern restructuring plans include sustainability requirements or social responsibility clauses as conditions of creditor approval.
- How do student loans factor into restructuring plans?
- Student loans are typically included in restructuring, though some jurisdictions offer special treatment. Check local regulations for specific provisions.
- What is the relationship between restructuring and credit recovery?
- Successful restructuring completion significantly improves creditworthiness. Demonstrating consistent payment compliance rebuilds credit trust.
- Would you like to book a meeting? Discover how to request an appointment.
- The law firm operates in the field of managing overindebtedness crisis throughout the national territory using virtual meeting tools. The firm is able to offer its legal services also at the national level, aiming to assist you throughout Italy.
- The firm is able to offer its legal services also at the national level, aiming to assist you throughout Italy.
- L'Aurora Law Firm is based in Terracina in the province of Latina: throughout the Italian territory, legal consultation is offered using telematic tools also in the cities of Codigoro, Fiscaglia, Lagosanto, Jolanda di Savoia, Ariano nel Polesine, Mesola, Goro, Comacchio, Ostellato, Tresignana, Rovigo e Taglio di Po.
- Initial consultation meeting
My name is Liliana L’Aurora, Lawyer registered with the Bar Association of Latina. I practice business distress law, over-indebtedness and insolvency, in line with the Business Distress Code regulations. Crisis Manager in over-indebtedness procedures and in insolvency proceedings. I am registered with the Register of Crisis Managers and the OCC of Latina.
I have matured practical experience collaborating at the De Felice Law Firm, with a focus on bankruptcy proceedings and real estate sales. I provide consultation in various sectors, including commercial law, family law, debt recovery, and civil liability.
Graduated in Law from La Sapienza University in Rome, I continue to perfect myself with advanced training courses, including those on the Business Distress Code.
I offer remote legal consultation at the national level, using digital tools to allow consultations at a distance in complete security.