Debt Restructuring and Insolvency Proceedings
Volpe Law Firm provides legal advice on corporate crisis and debt-restructuring procedures as set out in Art. 67 of the Italian Bankruptcy Act, in the debt-restructuring agreements per Art. 182bis of the Italian Bankruptcy Act and in the concordato preventivo proceeding (i.e., a restructuring instrument or bankruptcy proceeding through which a debtor can agree a plan with creditors) per Art 160 of the Italian Bankruptcy Act. To this end, we also rely on innovative debt-restructuring solutions, especially when supporting the going-concern principle. These may include debt restructuring through alternative financial services or by entering into a concordato preventivo (i.e., a creditor composition) with creditors to ensure business continuity as a going concern.
More specifically, we provide legal advice and assistance to businesses in financial distress (either reversible or irreversible) to determine eligibility for any course of action leading to the settlement of the crisis. Similarly, we also provide an in-depth analysis of any legal issues relating to the liability of the corporate bodies, to any bridging finance plans as well as to how any business recovery plans may be put in place to assist these processes.
We also assist our clients in choosing the most legally sound course of action when planning to take over businesses or acquire assets during bankruptcy proceedings or asset liquidations.
Lastly, we provide legal assistance to administrative receivers, statutory managers or liquidators in charge of the aforementioned procedures through our dedicated team of partners and experienced professionals specialized in bankruptcy law and insolvency proceedings.