BUSINESS CRISIS
Assistance to the entrepreneur in the sensitive phases of the corporate economic-financial crisis.
We assist the company in the sensitive phases of the corporate crisis, providing our own consultancy and guiding in the choice of actions to be taken to save the company and in any case in the best interest and protection of the entrepreneur and of corporate governance.
We assist clients in drafting arrangement with creditors, in drafting debt restructuring plans or in their own personal bankruptcy petitions.
We take on assignments of “attestor” and financial advisor for the preparation of industrial and recovery plans for companies of any size.
GLOSSARY
Composition with creditors after bankruptcy: legal cause for the termination of bankruptcy, negotiation act of a constitutive nature by which an agreement between the bankrupt or a third party (creditor or not) and the creditors themselves is replaced by the bankruptcy liquidation, in compliance with the principle of par condicio creditorum.
Arrangement with creditors: instrument to resolve the corporate crisis that is implemented through a negotiation agreement between the debtor company and the creditors, whose intention is expressed by credit majorities, aimed at corporate recovery and debt restructuring.
Business crisis: situation or set of situations in which the economic and financial equilibrium conditions of the company are determined to be such as to compromise the prospect of business continuity.
Bankruptcy: liquidation insolvency procedure, aimed at satisfying creditors by liquidating the assets of the insolvent entrepreneur, which can be used in the presence of certain requirements.
Certified plan: tool of the entrepreneur, included among “minor bankruptcy procedures”, to restore the company and to bring it back into economic and financial balance through the implementation of a series of strategic operations, without any control by the court (as is the case in traditional bankruptcy procedures).
