Cerini, Diana; Montrasio, Lorenzo; Piazza, Giulia --- "ITALY" [2019] ELECD 1209; in Kadner Graziano, Thomas; Bojars, Juris; Sajadova, Veronika (eds), "A Guide to Consumer Insolvency Proceedings in Europe" (Edward Elgar Publishing, 2019) 584

Book Title: A Guide to Consumer Insolvency Proceedings in Europe

Editor(s): Kadner Graziano, Thomas; Bojārs, Juris; Sajadova, Veronika

Publisher: Edward Elgar Publishing

Section: Chapter 18

Section Title: ITALY

Author(s): Cerini, Diana; Montrasio, Lorenzo; Piazza, Giulia

Number of pages: 23

Abstract/Description:

Law 3/2012 has finally introduced a specific procedure for the treatment of individual over-indebtedness, including consumers who have not been submitted to the general bankruptcy procedure established by the Bankruptcy Law. Now, for the first time, specific rules have been established to facilitate agreement between debtors and creditors for partial discharge from debts, even if under very strict conditions.