Italy

Abstract

The above-mentioned rules apply as well to commercial debts that arise after the filing of the application for the admission to the concordato preventivo procedure. However, if these debts arise following the filing of a preventive request for the admission to the concordato preventivo procedure under Article 161, VI co of Italian Insolvency Law, these debts are considered pre-preferential as long as the plan and the requested documentation are presented within the term set out by the judge, and the procedure follows pursuant to Article 163 of Italian Insolvency Law.