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19/09/2025

In the context of corporate distress, choosing between a negotiated settlement and pre-bankruptcy composition is often the main strategic dilemma faced by companies with significant tax and social security debts. A multidimensional assessment taking into account various concomitant factors is key.

For example, what would be the optimal solution for a manufacturing company with mainly INPS debts? Or what about a commercial business with high VAT debts? And finally, how should a corporate group proceed when it needs to sell its most profitable business unit to finance the restructuring of its other businesses?

In this article for Altalex, Lawyer Maurizio Borra summarises the specific advantages of the two instruments and offers a comparative analysis based on three concrete case studies.

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