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This article aims to evaluate the application of the sectorial alert indicators included in the new enterprise distress prevision method whose content is provided by the firm distress and bankruptcy act (d. lgs. n. 14/2019) which will come into full effect from September 2021 instead of August 2020 due to the COVID-19. Once identified the primary steps that characterize the bankruptcy predictive evolution process, supported by a research about the international strand of thought and the major contributions, we argue about the main implications of this distress identification system. In order to accomplish this purpose, we propose an empirical analysis aimed to point out the main evidences that will be explored through several approaches including an in-depth study on the companies characterized by a positive or negative equity.

This article aims to evaluate the effectiveness of the Amministrazione Straordinaria procedure with regards of its ability to allow the return to the market of a fully functional production complex with a renovated competitive autonomy. The effectiveness judgment is based on a specific sub-set of procedures deepening, coinciding with those concluded with the transfer of the business unit to newly established companies. Specifically, the survival of the assignee companies, occupational defense and the economic-financial performances expressed in terms of operating profitability were analyzed. The overall judgement on the effectiveness of the A.S. procedure is cautiously positive, despite this analysis’ limits, considering that were analyzed procedures of the first decade of application of the new norm, during which it is reasonable that the A.S. new procedure required a settlement period and despite a perfectible information base.