NPL management: the Legal ReKovery System

19 Jan NPL management: the Legal ReKovery System

It is well known to all the friends and colleagues operating in banking sector that because of the current economic situation (and perhaps, in some cases, also due to some credit management problems) the collection activity regarding financial credits is moving through NPL recovery.

We are talking, for sure, about true contracts, signed by law and demonstrated by regular and written proofs.

Those obligations are endangering all the banking system, and the ones at risk are the good customer, wich can be now called to solve someone other’s debt with the so called bail-in.

Therefore, a serious, professional and ethical program about the collection of NPL is needed.

The answer, in our opinion, is in developing manufacturing systems (processes, software, hardware), highly refined and industrialized, able to involve all the natural partners (i.e. collection agencies, law firms, contractors, suppliers of information, support to bailiffs).

For this, with passion and expertise the Studio has agreed to be part of the Legal ReKovery project, writing and testing the procedures and forming all the partners involved in the work plan for the legal aspects.

Today, after months of hard work and tests, we can say that we are ready.

To download the brochure in English please click Legal ReKovery ENG

Avv. Domenico Balestra