Best Bankruptcy & Debt Lawyers in Milan

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Arnone & Sicomo
Milan, Italy

Founded in 2017
28 people in their team
Italian
Russian
Ukrainian
Chinese
German
French
English
Arnone & Sicomo is an International Law Firm founded by attorneys Gioia Arnone and Donatella Sicomo, with offices in major Italian cities including Palermo, Milan, Rome, Salerno, Catania, Cuneo, Venice, and Trento, as well as international locations such as London, Barcelona, Luxembourg,...
Milan, Italy

Founded in 2018
English
Established in 2018, i-law Studio Legale is a full-service law firm based in Milan, Italy, offering comprehensive legal services across the national and international landscape. The firm specializes in the management and recovery of non-performing financial and commercial assets, providing due...
Leexรจ Avvocati
Milan, Italy

Founded in 2023
English
Leexรจ Avvocati is a distinguished Italian law firm renowned for its comprehensive legal services across multiple practice areas, including bankruptcy law, civil law, labor relations, intellectual property, and trial advocacy. Formed through the merger of SCF Studio Legale and Leexรจ in 2023, the...

Founded in 2018
English
Alteregal - Avvocati d'impresa in Italia e in Francia is a distinguished law firm specializing in business law, offering comprehensive legal services to companies operating within and between Italy and France. The firm's team comprises both French and Italian business lawyers, enabling them to...

Founded in 2009
English
Studio Legale Cappelli RCCD, based in Italy, stands as a beacon of legal excellence within the realms of finance and corporate law. With a specialization in these areas, the firm has garnered a formidable reputation for its adept handling of complex legal issues and its unwavering commitment to...
White & Case LLP
Milan, Italy

Founded in 1901
5,000 people in their team
Italian
English
Our FirmWhite & Case is a global law firm with longstanding offices in the markets that matter today. Our on-the-ground experience, our cross-border integration and our depth of local, US and English-qualified lawyers help our clients work with confidence in any one market or across many.We...

English
Studio Legale Avv. Elisabetta Stellari, located in Milan at Corso Lodi 121, offers comprehensive legal services across multiple practice areas, including bankruptcy, divorce, family law, insurance, tax, and trial litigation. The firm is dedicated to providing high-quality legal assistance tailored...

Founded in 2000
7 people in their team
Italian
English
French
Spanish
SMAF Associates has developed and is constantly developing into a very preeminent firm in Italy because its attorneys are top courtroom advocates, respected legal scholars, skilled managers of complex litigation, and active leaders of many bar associations.The firm is pleased to offer its clients...

Founded in 2014
50 people in their team
Italian
English
Lawyer, Attorney in Italy | MilanDimarco & Partners International Law FirmOur Lawyers in Milan, Italy are specialized in offering qualified Legal Services in favor of foreign companies in every italian city. Dimarco & Partners is a modern Italian Law Firm based in Italy specialized in...
Grimaldi Alliance
Milan, Italy

Founded in 1947
500 people in their team
Italian
English
Committed to providing multidisciplinary legal assistance to clients, the firm has developed a cross-departimental approach and avails itself of working groups composed of highly specialized professionals with an in-depth knowledge of both their reference markets and business mechanisms, with...
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Milan, Italy Attorneys in related practice areas.

About Bankruptcy & Debt Law in Milan, Italy

Bankruptcy and debt law in Milan, Italy, governs the legal procedures and obligations surrounding individuals and businesses facing financial difficulties. It provides a legal framework for addressing debt issues, managing bankruptcy proceedings, and protecting the rights and interests of both debtors and creditors.

Why You May Need a Lawyer

There are several situations where seeking legal assistance from a lawyer specializing in bankruptcy and debt law in Milan, Italy, can be crucial:

  • You are experiencing financial difficulties and need guidance on how to manage your debt.
  • You want to file for bankruptcy and need help navigating the complex legal process.
  • You need assistance negotiating with creditors to establish repayment plans or debt restructuring.
  • You are facing legal actions from creditors, such as debt collection lawsuits or wage garnishment.
  • You need guidance on how to protect your assets and rights during bankruptcy proceedings.

Local Laws Overview

In Milan, Italy, the main legislation governing bankruptcy and debt matters is the Italian Bankruptcy Law (Legge Fallimentare Italiana). Some key aspects of local laws related to bankruptcy and debt in Milan include:

  • An individual can file for bankruptcy if they are unable to pay their debts and their insolvency is not temporary.
  • Bankruptcy proceedings can be initiated by either the debtor or the creditor.
  • A bankruptcy trustee is appointed to effectively manage the debtor's assets and distribute them among the creditors.
  • Debt restructuring and negotiated repayment plans are encouraged as alternatives to bankruptcy.
  • Certain assets may be exempt from the bankruptcy estate, ensuring the debtor retains necessary property to restart their financial life.

Frequently Asked Questions

Q: Can bankruptcy entirely eliminate all my debts?

A: Bankruptcy can discharge many types of debts, but it may not eliminate all obligations. Certain debts, such as student loans or recent tax liabilities, may not be dischargeable. Consulting with a bankruptcy lawyer can help you understand which debts can be discharged.

Q: How does bankruptcy affect my credit score?

A: Bankruptcy generally has a negative impact on your credit score. It will likely remain on your credit report for several years, affecting your ability to obtain credit or loans in the future. However, bankruptcy can also provide a fresh start, allowing you to rebuild your credit over time.

Q: Will I lose all my assets if I file for bankruptcy?

A: No, not all assets will be lost. Milan's bankruptcy laws provide exemptions for certain assets that are considered necessary for the debtor's livelihood. These exemptions may include a primary residence, a vehicle, tools of trade, and basic household items. A bankruptcy lawyer can guide you on how to protect your assets during the process.

Q: Can I continue operating my business during bankruptcy proceedings?

A: It depends on the circumstances. While bankruptcy proceedings are generally meant to halt business operations, in some cases, businesses can continue operating under the supervision of a bankruptcy trustee. Consulting with a bankruptcy lawyer will help you understand the options available to your specific situation.

Q: How long does the bankruptcy process typically take in Milan?

A: The duration of the bankruptcy process can vary depending on the complexity of the case. It typically ranges from several months to a few years. It involves several stages, including filing the bankruptcy petition, review by the court, asset liquidation (if applicable), debt repayment or discharge, and closing the bankruptcy case.

Additional Resources

For additional information and resources on bankruptcy and debt law in Milan, Italy, consider consulting the following:

  • National Institute for Debt Issues (Istituto Nazionale di Problemi del Debito) - www.inpd.it
  • Italian Consumer Association (Associazione Nazionale Consumatori) - www.adiconsum.it
  • Chamber of Commerce (Camera di Commercio) - www.mi.camcom.it

Next Steps

If you require legal assistance or advice regarding bankruptcy and debt matters in Milan, Italy, here's how you can proceed:

  1. Research and identify bankruptcy lawyers or law firms specializing in debt and insolvency laws in Milan.
  2. Contact the selected lawyers or firms to schedule an initial consultation or case evaluation.
  3. Prepare the necessary documents and information related to your financial situation for the consultation.
  4. Attend the consultation, discuss your concerns and objectives, and inquire about the lawyer's expertise and fees.
  5. Decide whether to proceed with engaging the lawyer's services based on the consultation and your assessment of their suitability for your case.
Lawzana helps you find the best lawyers and law firms in Milan through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Bankruptcy & Debt, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Milan, Italy - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.