The second opportunity of physical persons (Law 25/2015, of July 28, of second opportunity mechanism, reduction of financial loans and other measures of social order)

Abstract

The present work supposes an outline of article 178 bis of the Insolvency Law, regarding the benefit of exemption of the unsatisfied liability or second chance mechanism in favor of insolvent individuals. The aforesaid provision has been the object of several judicial and doctrinal interpretations, possibly due to its elaborate and elaborate wording.