the aim to rescue distressed firms does not seem to deviate over the time. Banks are involved requesting financial and decision-making support, given that firms going concern passed through their choices. So far, the dynamics of corporate crisis resolution procedures have been oriented towards the postponement of the appropriate solution to the problem.In recent times, banks are moving to a) sell NPL and improve asset quality, b) avoid the form of new NPL loans. With regard to the credit disposal, single name / supply chain UTPs procedures now involves new players, such as private debt funds. This allows banks to “return” to do banks, shifting the decision-making role into funds.The companies that are still tied to a crisis resolution processes can now have the chance to exit. In 2012 we anticipated that the entrepreneur should change his relationship with financial institutions in analogy to what happened in private equity processes. Today, based on the entry of private debt funds, this approach is even more significant. Given that the objective of the funds is to enhance their investment, instead of passive approach, entrepreneurs should work proactively in managing their debt, to plan the “way out” of the fund and therefore the redemption of its company.The operational phase, characterized by rapidity of execution and multidisciplinary skills, will take on greater importance, supported by professionals who, in these years, have developed their own experiences and competences in this field, independently and with a business approach.
