Crisi, insolvenza e indicatori per le procedure di allerta

The new "Code of corporate crisis and insolvency" introduces a new instrument in favor of the entrepreneur, called "crisis alert and assisted settlement procedures", in order to avoid that still resolvable difficulties lead to a full insolvency.
The alert procedures are based on indicators of profitability, financial and equity imbalances that can be detected through specific indices. The objective of the work is the analysis of the indicators which jointly considered constitute a prerequisite for the alert procedures, examined with particular reference to their composition and the meaning attributed by the doctrine. Corporate insolvency forecasting models are also reviewed, including Altman's well-known Z-score.