Over-indebtedness, Giorgianni (FdI): streamlined procedures and clear rules to protect deserving debtor
The MEP presented a bill to improve the application of the Business Crisis and Insolvency Code
"Over-indebtedness means when a person or a family can no longer sustain the payment of its debts on a regular basis according to what its economic possibilities are. We speak very often of people who are in any case deserving, who have only been guilty, in quotes, of falling ill, losing their jobs, or the problem of rising rates, or a separation, for example. So for them there must be more certain rules, more streamlined procedures because it is important that the policy helps them to enter a perimeter of economic legality'. This is the opinion of the Honourable Letizia Giorgianni (FdI), first signatory of a bill to make the protections provided by the Business Crisis and Insolvency Code for the deserving debtor more effective and concrete.
Potential audience of 3 million households
The audience of those potentially affected by over-indebtedness,' Giorgianni explained to Parliament 24, 'is considerable', estimated at around three million Italian families 'who are exposed to these conditions of economic fragility and who, in any case, perhaps absolutely must have this possibility and be able to return to the system and the economic circuit'.
Among the strengths of AC 2885 Giorgianni points out in particular 'those that go some way to remedy the criticalities that have emerged in the application of the rules'. For example, to protect the debtor who wants to access the procedures for over-indebtedness, the provision of a stop for 180 days for the execution procedures and various foreclosures against him: 'A period of time in which he is safe, giving the court the possibility to carry out these procedures.
