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Briefings and Regulations
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BANKRUPTCY
AUCTIONS
Also in the
bankruptcy auctions
there is an iter similar to that of the execution. Such procedure concerns the entrepreneurs that are in a state of insolvency and towards them the creditor has not found satisfaction of his credit otherwise.
This specific form of property settlement of the entrepreneur starts from the bankruptcy petition that the creditor presents at the bankruptcy chancellery of the Court where the debtor company has his head office.
Subsequently a Judge appointed by the Chairman of the Court listens to the reasons of the person who is bankrupting and reports about it to the court in the Jury room. Where there are the conditions, the Court, with judgment, declares the bankruptcy of the entrepreneur, and appoints the judge and guardian.
The guardian, that is a non provided person in the traditional process of execution has, moreover, the duty to proceed to the settlement of all the activities of the bankruptcy. In fact, with the help of a chancellor and a valuer, has to proceed to the stock-taking and sale of the movable and immovable properties of the debtor. The rules that discipline such sales
are similar to those of the process of execution.
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Asteitalia, leader in the field of the Judicial Auctions, can help you to have all the services and necessary advice, having qualified professionals that can assure you professionalism, transparency and maximum reserve.
Moreover, Asteitalia has done agreements with the best banking institutions, and has a portfolio clients for investments on immovable properties; for this reason Asteitalia is able to sell any immovable property with mortgage or foreclosure, extinguishing the procedure, with cash payment.
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