These are different types of agreements that represent a means of recovery that the natural person and/or the legal person in crisis uses to reduce the debt exposure and ensure the rebalancing of the financial situation.
In the crisis settlement procedures from over-indebtedness, the intention of the law is to allow certain non fallible subjects in serious economic difficulties (such as professionals, retirees, small entrepreneurs or small craft companies) to initiate a procedure aimed at achieving the full release from their debts and then allow the over-indebted to “start from scratch”, regaining an active role in the economy.