Simple bankruptcy is a complex and delicate issue in the Italian legal landscape, requiring in-depth analysis by industry experts. At the Bianucci Law Firm, led by Attorney Marco Bianucci, we provide a thorough examination of this offense, offering essential clarifications for those involved in criminal proceedings of this nature.
The offense of simple bankruptcy occurs when an entrepreneur, due to negligence or incompetence, causes the failure of their own business. Unlike fraudulent bankruptcy, there is no intent to defraud here, but rather a negligent conduct that has led to financial distress.
Article 217 of Royal Decree No. 267 of 1942 regulates simple bankruptcy, highlighting how it may arise from excessive personal expenses, imprudent management, or lack of proper accounting records.
The penalties for simple bankruptcy vary depending on the severity and circumstances of the specific case. Generally, they may include:
The defense in these cases requires a deep understanding of current regulations and business dynamics to adequately contextualize the actions of the entrepreneur.
Facing a charge of simple bankruptcy can be complex and stressful. The Bianucci Law Firm, thanks to its team of experts, is able to offer personalized legal support, analyzing every detail of your case to build an effective defense strategy.
Do not hesitate to contact us for a thorough consultation: we are here to assist you and guide you through every phase of the criminal procedure.