Bankruptcy law and turnarounds
The professionals at Fazzini & Partners do business in this area both under court appointment and in helping clients file for bankruptcy. It is an extremely delicate phase, which involves many positions on the legal and human levels: the businessman with his assets and its possible lines of responsibility; employees and suppliers, with their legitimate expectations; lending institutions; the community; and so on. The professional must support the businessman in making consistent and timely decisions, for themselves and for all those who interact with them.
Turnaround policies aim to heal partially compromised situation that have recovery potential, thanks to untapped capacities and the return of efficiency conditions. The bankruptcy law reform introduced new institutions that are on the out of court level are aimed at preventing situations of default, such as, for example, reorganization agreements, turnaround plans, over-indebtedness crisis settlement.