Liquidation ACR Messina, the company asks for debt renovation. The decision within a week

John

By John

At Palazzo Piacentini, in room number 39 by judge Daniele Carlo Madiathe prosecutor found themselves, represented by the substitute Fabrizio Monacowho in recent weeks had asked for the judicial liquidation of the ACR Messina for the state of insolvency of the Peloritana company and on the other hand the lawyers of the club Gianpiero Picciolo and Giuseppe Cicciari who presented the judge the request for access to the debt renovation program. The decision is expected within a week. It is a proceeds parallel to the main one which, if granted by the judge, presents advantages, the most important of which are the protection from judicial liquidation and the ban on third parties of precautionary or executive actions such as, for example, could be the default by the players.

To access the ACR Messina presented the financial statements relating to the last three exercises, except the last whose deadline is set at the end of June, the tax return and IRAP concerning, the name of the creditors with indication of the respective credits and the causes of pre -emption and indication of the digital domicile of the creditors who have equipped it. In the event that the request of the ACR Messina was accepted, all the subsequent phases would be carried out with the judicial commissioner, whose appointment would be automatic. And that would carry out verification and control activities. In the meantime, the Court will order the debtor from paying procedural expenses and indicates the terms for the filing of the proposal to renovate the complete debt of the missing documentation. This mode represents a fundamental procedural strategy for the debtor who, such as ACR Messina, is in a crisis situation and must face the application for judicial liquidation, allowing him to earn time to structure a negotiating solution of the crisis while maintaining, likely, the protection of the corporate assets. Only in the next steps will it be understood if the procedure can have practical implications also for the sports part since there is only one month to perfect the registration with a penalty of 14 points to the Serie D.