Managing Overindebtedness Crisis
Law 3/2012
Structured and personalized legal solutions aimed at restoring financial and legal balance in the territory of Roccabruna, using virtual tools
DEBT RESTRUCTURING PROCEDURES IN ROCCABRUNA
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 Cuneo:
- Calculate your debt reduction now
- HOW TO GET OUT?
- In the region of Piemonte 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 Vignolo, Cuneo, Villafalletto, Verzuolo, Demonte, Sanfront, Manta, Rifreddo, Centallo, Borgo San Dalmazzo, Revello e Roccavione.
- As this is a nationally regulated procedure, distance does not affect the effectiveness of legal intervention.
- Book your first meeting now
- ACCESS TO PRACTICAL AND PRIORITY LEGAL SUPPORT
- Our firm implements various operational solutions structured to respond to your legal needs with adaptability and recognized expertise.
- By resorting to video call platforms such as Google Meet and WhatsApp, we provide telematic services at Roccabruna and across the entire Italian territory, providing specialized legal consultation and accessible in any necessary location.
- Introductory Meeting Initial meeting without performing consulting activities. Purpose: to understand needs and identify the legal issue encountered.
- Analysis and Evaluation Session for in-depth investigation and assessment of deposited documents aimed at a complete initial study. Purpose: to outline with univocity the operational program to adopt and ensure qualified preparatory consulting.
- Strategic Consultation Exhaustive and priority in the management of attached documentation integrated by consultation and 2 follow-ups. Purpose: to configure a comprehensive legal strategy and define a specific operational program for highly complex matters.
- WHO WE ARE
In Roccabruna, 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
- DETAILED FINANCIAL ANALYSIS
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Tailored consultation and thorough analysis of your finances to better understand your over-indebtedness situation.
- PERSONALIZED PLANS
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Solutions created specifically for you to address over-indebtedness based on your needs.
- ASSISTANCE IN DEBT DISCHARGE PRACTICE
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Support in gathering and preparing all necessary documents to start the debt discharge procedure.
- LEGAL ASSISTANCE
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Legal defense in court to protect your interests throughout the proceedings.
- DEBT RESTRUCTURING NEGOTIATION AGREEMENT
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Mediation and negotiations with creditors to obtain better payment conditions.
- DEBT MANAGEMENT PLAN
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Development of a debt restructuring plan that is practical and acceptable to all parties involved.
- CONSTANT SUPPORT
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Plan monitoring and ongoing assistance to ensure the plan is respected and to make any necessary adjustments.
- EXPERTISE AND EXPERIENCE
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Years of experience in legal matters and in managing cases of over-indebtedness and debt restructuring.
- EMPATHETIC APPROACH
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We are aware of the economic and personal difficulties our clients face and are committed to offering practical support and effective solutions.
- PROVEN SUCCESS
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A solid track record of results in negotiating favorable agreements and helping clients regain control of their finances.
LEGAL SERVICES FOR OVER-INDEBTEDNESS IN ROCCABRUNA
DEBT DISCHARGE AND DEBT MANAGEMENT
THE FIRM | WHO WE ARE
- The L'Aurora Law Firm is available for those seeking professional virtual legal assistance and customized solutions in Roccabruna. We provide a wide range of personalized legal services designed to effectively meet the needs of private clients, companies and professionals.
- Thanks to our constant and continuous updating on applicable regulations and judicial trends, we ensure comprehensive, accurate and cutting-edge legal assistance. Since every client has specific and particular needs, we provide personalized and strategic consultations with the objective of resolving every legal matter without unnecessary delays, whether of personal or professional nature.
- Our approach is based on a thorough, accurate and detailed evaluation of each case, proposing practical, concrete solutions always oriented towards defending the interests and rights of our clients. We believe that mutual trust, absolute transparency and clear communication are the foundation of a good and lasting professional collaboration, which is why we always maintain continuous, open and clear communication with our clients, keeping them constantly informed at every stage of proceedings.
- We offer qualified virtual legal consultations in Roccabruna and in the region of Piemonte, covering various sectors of law, including civil, commercial, corporate, labor and criminal. Whether it involves complex contractual disputes, family law issues or business disputes, we are ready to assist you with expertise and dedication in facing any legal challenge with professionalism, confidence and tranquility.
- Our work is distinguished by passion, dedication and professional rigor with the objective of achieving concrete and tangible results, always aiming at the complete protection and safeguarding of our clients' rights. Contact us for an initial introductory consultation and discover how we can assist you in managing your legal issues with expertise, dedication and professionalism.
INSIGHTS FAQ
- What is the procedure to access the consumer debt plan?
- The consumer can present a debt management plan directly to the judge, proposing sustainable payment terms. The judge evaluates and approves it based on feasibility and fairness criteria.
- What are the eligibility criteria for controlled liquidation?
- Eligible candidates include consumers, small entrepreneurs, professionals and other non-bankrupt categories. No minimum debt amount is required.
- How does judicial homologation work in debt restructuring?
- Judicial homologation is the judge's approval of the restructuring plan, making it binding on creditors. It protects the debtor from enforcement actions.
- Can creditors oppose a consumer plan?
- Creditors can present objections, but the judge can still approve the plan if deemed sustainable and equitable, particularly if it offers better solutions than bankruptcy.
- What costs are associated with crisis composition agreements?
- The crisis composition agreement requires professional assistance from a certified mediator. Costs vary but are typically lower than bankruptcy procedures.
- How is the OCC (Organismo di Composizione della Crisi) involved?
- The OCC manages controlled liquidation, handles asset liquidation when present, and supervises compliance with the plan. It acts as the neutral mediator between debtor and creditors.
- Can I request debt discharge if the plan fails?
- If the restructuring plan fails due to debtor circumstances beyond control, you may still request debt discharge after demonstrating good faith efforts and genuine financial hardship.
- What is the settlement period for controlled liquidation?
- The settlement period varies from 3 to 8 years depending on the debtor's financial capacity and creditor agreements. Once completed, debt discharge can be obtained.
- Are there any restrictions after obtaining debt discharge?
- After debt discharge, debtors generally regain creditworthiness, though they may face temporary banking restrictions. These typically expire within 5-10 years.
- Can professionals use the crisis composition agreement?
- Yes, professionals not yet in bankruptcy can use the crisis composition agreement to restructure personal and business debts, provided they meet eligibility criteria.
- What happens to secured debts in controlled liquidation?
- Secured debts (mortgages, liens) are handled separately. Creditors maintain their security rights and may enforce them unless the plan specifically addresses them.
- 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 Dronero, Caraglio, Busca, Bernezzo, Piasco, Cervasca, Costigliole Saluzzo, Vignolo, Cuneo, Villafalletto, Verzuolo e Manta.
- Initial consultation meeting
I am Lawyer Liliana L’Aurora, registered with the Bar Association of Latina, with specific expertise in business distress law, insolvency and over-indebtedness, in line with the Business Distress Code. Crisis Manager in over-indebtedness procedures and legal assistance in insolvency proceedings. I am registered with the Register of Crisis Managers and the OCC of Latina.
Professional experience acquired at the De Felice Law Firm, with particular attention to bankruptcy proceedings and real estate sales. I provide consultation to businesses and private individuals in various sectors, including commercial law, family law, and civil liability.
Graduated in Law from La Sapienza University in Rome, I continue to perfect myself through advanced training courses, such as those for Crisis Managers on Over-indebtedness and the Business Distress Code.
I operate virtually throughout the national territory, using digital technologies to offer secure and remote legal consultations.