Best Bankruptcy Lawyers in Italy

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Arnone & Sicomo
Palermo, Italy

Founded in 2017
28 people in their team
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,...

Founded in 1976
English
Established in 1976 in Siracusa, Studio Legale Randazzo - Avvocati Diritto Civile e Penale Societario has built a distinguished reputation in both civil and criminal law. The firm was co-founded by Avvocato Marcello Randazzo, an expert in civil law with extensive experience in arbitration,...

Founded in 2000
English
SMAF & Associati, studio legale, established in 2000, is a distinguished Italian law firm renowned for its comprehensive legal services and unwavering commitment to client satisfaction. With offices strategically located in Milan, Rome, Bologna, and Hangzhou, China, the firm offers a broad spectrum...
Studio Legale Impellizzeri
Caltanissetta, Italy

Founded in 1988
English
Studio Legale Impellizzeri is a distinguished Italian law firm with offices in Caltanissetta, Catania, Valguarnera Caropepe, Enna, Milan, and Rome. The firm specializes in criminal law, civil law, administrative law, and corporate law, offering comprehensive legal services to a diverse clientele....

Founded in 2016
English
Leading Law - Notai e Avvocati is a pioneering alliance in Italy that seamlessly integrates notaries and lawyers to provide comprehensive legal and notarial services. With over 70 professionals operating across eight offices in major cities including Turin, Milan, Rome, Florence, Lodi, Bergamo,...

English
Bellini Business Lawyers - Studio di Avvocati d'Affari, headquartered in Milan with additional offices in Lugano and Dubai, specializes exclusively in assisting entrepreneurs and managers with the acquisition of small and medium-sized enterprises (SMEs). Founded by Avvocato Giuseppe Bellini, the...

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...

Founded in 2008
English
Rovere & Michelis - Studio Legale e Tributario, established in 2008 by attorneys Tiziana Rovere and Alberto Michelis, is a dynamic, multidisciplinary law firm based in Sanremo, Italy. The firm offers comprehensive legal services in civil, criminal, and tax law, with a particular focus on...

English
SPV Legal, located in Turin, Italy, is a distinguished boutique law firm renowned for its comprehensive legal services tailored to both individuals and businesses. The firm specializes in various areas, including family law, inheritance and succession, intellectual property, and corporate law....
Studio Legale Cortese
Naples, Italy

Founded in 1975
50 people in their team
Italian
English
Philosophy of the firm is to value the maintenance of confidentiality and protection of the strictly private nature of the interests and activities of its clients. This has helped build and maintain a long-lasting professional relationship with his clients, a relationship based on mutual...
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About Bankruptcy Law in Italy

Bankruptcy law in Italy, known as "Fallimento," is governed by the Italian Bankruptcy Law which aims to protect the interests of creditors and debtors in case of financial distress. It provides a legal framework for individuals and businesses to manage their debts and assets in an organized manner.

Why You May Need a Lawyer

Bankruptcy can be a complex and stressful process, especially if you are unfamiliar with the legal requirements and procedures involved. A lawyer can help navigate the legal system, protect your rights, and provide valuable advice on how to best handle your financial situation.

Local Laws Overview

In Italy, bankruptcy proceedings are overseen by the Court and are designed to determine the financial status of a debtor and distribute assets to creditors fairly. The key aspects of Italian bankruptcy law include the appointment of a trustee to manage the debtor's assets, the possibility of debt restructuring, and the different types of bankruptcy proceedings available.

Frequently Asked Questions

1. What is the difference between "Liquidation" and "Reorganization" bankruptcy?

In Italy, liquidation bankruptcy involves the sale of assets to pay off creditors, while reorganization bankruptcy aims to restructure the debtor's debts and allow them to continue operating their business.

2. How long does the bankruptcy process typically take in Italy?

The duration of the bankruptcy process can vary depending on the complexity of the case, but it usually takes several months to years to complete.

3. Can I file for bankruptcy as an individual in Italy?

Yes, individuals can file for bankruptcy in Italy if they are unable to repay their debts.

4. What are the consequences of declaring bankruptcy in Italy?

Declaring bankruptcy in Italy can have serious consequences, including the loss of assets, restrictions on business activities, and damage to your credit rating.

5. Can I continue to operate my business during bankruptcy proceedings?

It is possible to continue operating your business during bankruptcy proceedings, especially if you file for reorganization bankruptcy.

6. What is the role of a trustee in Italian bankruptcy proceedings?

A trustee is appointed by the Court to manage the debtor's assets, represent the interests of creditors, and oversee the bankruptcy process.

7. Can I discharge all of my debts through bankruptcy in Italy?

Not all debts can be discharged through bankruptcy in Italy. Certain types of debts, such as taxes and child support, are typically not dischargeable.

8. What is the "Moratorium" in Italian bankruptcy law?

The Moratorium is a temporary suspension of debt collection activities that can be granted to debtors who are experiencing financial difficulties.

9. What are the alternatives to bankruptcy in Italy?

Debt restructuring, debt settlement, and informal agreements with creditors are some alternatives to bankruptcy in Italy.

10. How can a lawyer help me with bankruptcy in Italy?

A lawyer can provide legal advice, represent you in court, help negotiate with creditors, and ensure that your rights are protected throughout the bankruptcy process.

Additional Resources

For more information on bankruptcy in Italy, you can contact the Italian Ministry of Justice, the Italian Bar Association, or consult with a local law firm specializing in bankruptcy cases.

Next Steps

If you are considering filing for bankruptcy in Italy or need legal advice on how to handle your financial situation, it is recommended to consult with a qualified bankruptcy lawyer who can guide you through the process and help you make informed decisions. Remember that seeking legal advice early on can help protect your rights and ensure a smoother bankruptcy process.

Lawzana helps you find the best lawyers and law firms in Italy 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, 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 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.