Managing Overindebtedness Crisis
Law 3/2012
Structured and personalized legal solutions aimed at restoring financial and legal balance in the territory of Margherita Di Savoia, using virtual tools
DEBT RESTRUCTURING PROCEDURES IN MARGHERITA DI SAVOIA
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 Barletta Andria Trani:
- Calculate your debt reduction now
- HOW TO GET OUT?
- In the region of Puglia 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 Stornara, Manfredonia, Orta Nova, Stornarella, Carapelle, Mattinata, Monte Sant'Angelo, Ruvo di Puglia, Montemilone, Molfetta, Terlizzi e Ordona.
- As this is a nationally regulated procedure, distance does not affect the effectiveness of legal intervention.
- Book your first meeting now
- BENEFIT FROM EASY AND PRIORITY LEGAL ASSISTANCE
- We propose various operational solutions aimed at resolving your legal issues with operational flexibility and recognized professionalism.
- By means of videoconferencing technologies such as Google Meet and WhatsApp, we guarantee digital services at Margherita di Savoia and throughout the entire national extent, providing expert legal consultation and available in any requested situation.
- Introductory Meeting First meeting free from consulting activities. Purpose: to identify needs and qualify the underlying legal question.
- Analysis and Evaluation Session for meticulous analysis and assessment of documentary files aimed at a preliminary systematic study. Purpose: to clarify unequivocally the operational strategy to adopt and provide specialized preparatory consulting.
- Strategic Consultation Exhaustive and absolute priority in the management of produced documentation accompanied by consultation and 2 follow-ups. Purpose: to formulate a comprehensive legal strategy and specify a detailed operational program for matters of notable complexity.
- WHO WE ARE
In Margherita Di Savoia, 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
- ASSESSMENT OF YOUR FINANCIAL POSITION
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Personalized analysis of your finances to identify steps to take against over-indebtedness.
- PERSONALIZED STRATEGIES
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Concrete and tailored solutions to address your specific case.
- OPERATIONAL SUPPORT
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Careful preparation of necessary documentation for the debt discharge process.
- COMPLETE LEGAL ASSISTANCE
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Legal representation throughout the proceedings to protect your rights.
- ADVANTAGEOUS NEGOTIATIONS
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Negotiations with creditors to obtain more favorable conditions.
- DEVELOPMENT OF A RETURN PLAN
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Creation of a sustainable plan that satisfies all parties involved.
- CONSTANT MONITORING
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Continuous supervision of plan performance with possible adjustments.
- SOLID EXPERIENCE
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Expertise acquired over years of handling complex over-indebtedness cases.
- A HUMAN APPROACH
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We understand your difficulties and are committed to providing effective assistance.
- CONFIRMED RESULTS
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Success stories in negotiating advantageous agreements for our clients.
LEGAL SUPPORT FOR OVER-INDEBTEDNESS IN MARGHERITA DI SAVOIA
CONSULTATION AND CUSTOMIZED SOLUTIONS
THE FIRM | WHO WE ARE
- The L'Aurora Law Firm is available for those requiring highly professional virtual legal consultation and personalized solutions in Margherita di Savoia. We offer a rich range of customized legal services suitable to satisfy the needs of private individuals, companies and professionals.
- We remain always updated on legislative developments and the most recent judicial trends, ensuring comprehensive, personalized and cutting-edge assistance. Every client is unique and has specific needs, which is why we offer customized and strategic consultations, designed to resolve legal matters quickly and with maximum effectiveness, both in the private sphere and in professional and business contexts.
- Our approach is based on a meticulous, thorough and detailed analysis of each situation, providing practical, concrete solutions always aimed at protecting the interests and rights of our clients. We are convinced that mutual trust, absolute transparency and clear communication are the keys to building a solid and lasting professional relationship, therefore we guarantee open, constant and direct dialogue with our clients, keeping them punctually informed at every stage of proceedings.
- We offer qualified virtual legal consultation in Margherita di Savoia and in the region of Puglia, operating competently in numerous sectors of law, including civil, commercial, corporate, labor and criminal. Whether it involves complex contractual disputes, family issues or business litigation, we are ready to provide you with all the professional legal support you need to face every challenge with confidence and serenity.
- We operate with dedication, expertise and professional rigor to achieve concrete and measurable results, always with the primary objective of ensuring the complete legal protection and safeguarding of our clients' rights. Contact us for an initial introductory meeting and discover how we can assist you in managing every legal matter with professionalism, precision and promptness.
INSIGHTS FAQ
- How are side agreements handled outside formal restructuring?
- Side agreements with individual creditors must be disclosed and integrated into formal restructuring to maintain transparency and fairness.
- What is the role of financial advisors in restructuring planning?
- Financial advisors help assess situation, develop realistic plans, monitor compliance, and suggest adjustments to optimize restructuring success.
- Can restructuring address cryptocurrency or digital asset debts?
- Digital asset debts are increasingly included in restructuring plans. Valuation and collection methods are evolving with technology.
- How does restructuring address supplier relationship continuity?
- Plans can prioritize critical supplier payments to maintain business relationships essential for operations during restructuring.
- What happens to late payment penalties during restructuring?
- Late payment penalties are often suspended or reduced during court-approved restructuring to focus payments on principal debt.
- Can restructuring address franchise or licensing fees?
- Franchise and licensing fees can be addressed within restructuring plans if deemed essential for business continuation.
- How does restructuring handle intercompany debts?
- Intercompany debts are managed separately in group restructuring situations, with careful coordination to avoid cascading insolvencies.
- What is the impact of market downturns on plan sustainability?
- Market downturns can trigger plan modifications. Courts may approve temporary payment reductions if circumstances are genuinely beyond control.
- Can restructuring prevent professional misconduct liability claims?
- Professional liability debts are generally included in restructuring plans, protecting debtors from professional ruin while addressing obligations.
- How does restructuring address environmental remediation debts?
- Environmental debts receive special handling. Plans must address legal compliance while restructuring financial obligations appropriately.
- What is the benefit of proactive restructuring engagement?
- Early engagement in restructuring demonstrates good faith to courts and creditors, improving plan approval prospects and potentially better terms.
- 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 Margherita di Savoia, Trinitapoli, San Ferdinando di Puglia, Barletta, Canosa di Puglia, Zapponeta, Andria, Cerignola, Trani, Minervino Murge, Bisceglie e Corato.
- Initial consultation meeting
Lawyer Liliana L’Aurora, registered with the Bar Association of Latina, with experience in business distress law, over-indebtedness and insolvency, in compliance with the Business Distress Code. Crisis Manager for over-indebtedness and assistance in insolvency proceedings. I am also registered with the Register of Crisis Managers and the OCC of Latina.
I have acquired solid experience working at the De Felice Law Firm, with particular attention to bankruptcy proceedings and real estate sales. I offer legal consultations to private individuals and companies in various sectors, such as commercial law, family law, civil liability, and debt recovery.
Graduated in Law from La Sapienza University in Rome, I continue to participate in updating courses, including those for Crisis Managers and on the Business Distress Code.
I offer remote legal consultation at the national level, thanks to the use of advanced technologies that allow me to operate at a distance in complete security.