NPL

The banking system experienced, with the crisis of 2008, a very noticeable growth in the phenomenon of the Non Performing Loans, i.e., of so-called impaired loans, which, due to the supervening inability to repay due to conditions of economic or financial difficulty of the borrowers, identify those exposures for which the possibility of recovery by credit institutions appears highly unlikely.

The increasing rise in such exposures has exerted a strong impact on the balance sheets and profitability of lending institutions to the point that, over the years, a market for NPL loans has developed that has effectively exported bank non-performing loans to specialized external operators.

These institutional entities have progressively taken over from Banks’ portfolios, starting in 2016 also with the incentive of state intervention (the so-called guarantees on securitizations – GACS), substantial packages of loans, with the effect, on the one hand, of allowing the alleviation of positions in the hands of credit institutions and, on the other, of generating the development of a financial sector linked to recovery activities.

Lexpertise has created a professional area that, thanks to the team’s well-established experience in bank lending, supports the Servicers institutions in NPL credit management activities, offering its expertise to serve the different areas of the loan management, of the due diligence and judicial recovery, with a view not only to close professional cooperation but also to sharing the principle of entrepreneurial partnership.

Loan Management

The activity of loan management, or management proper, actually constitutes the core business of the system aimed at credit recovery, in which the strategy essential to achieving the expected result is centralized.The loan manager brings together a set of skills and aptitudes necessary to carry out a complex of activities that are summarized in the evaluation of the portfolio to be managed and in the analysis of solutions not only judicial but also and above all extrajudicial efficient to the recovery of credit, in the forecasting of collections in each time segment in which the business plan is divided, in the presidium of the legal activities underlying the credit recovery activity, in the constant monitoring of the economic results achieved and in the search for and activation of all alternative actions useful for the recovery of credit in terms of speed and economic efficiency.Lexpertise has formed a group of professionals dedicated to portfolio management who, through the experience gained over time and knowledge of IT support platforms, have developed a specialized area of work in this specific area of activity.

Loan Management

The loan manager brings together a set of skills and aptitudes necessary to carry out a complex of activities that are summarized in the evaluation of the portfolio to be managed and in the analysis of solutions not only judicial but also and above all extrajudicial efficient to the recovery of credit, in the forecasting of collections in each time segment in which the business plan is subdivided, in the oversight of the legal activities underlying the credit recovery activity, in the constant monitoring of the economic results achieved, and in the search for and activation of all alternative actions useful for credit recovery in terms of speed and economic efficiency.

Lexpertise has formed a group of professionals dedicated to portfolio management who, through experience gained over time and knowledge of IT support platforms, have developed a specialized area of work in this specific area of activity.

Due Diligence

Preliminary bank credit assessment is the preparatory phase of the purchase but also the key diagnostic moment for the future definition of business plans that support the financial sustainability of the business activity. The due diligence activity is expressed in a legal, economic and financial assessment, which includes an analysis of packages addressed to the purchase through the examination of all components of the credit and, therefore, the titles of judicial or extrajudicial formation, guarantees, real estate valuations in the case of the assumption of collateral, actions promoted or to be promoted for the compulsory recovery of the credit, the risk of bankruptcy of the debtor and potential loss of credit. Accompanying the legal part is a forward-looking investigation of debt recovery estimates that involves an assessment of the assumed costs, the expected time frame for achieving the expected result, the quality of the assets underlying the claim, and, therefore, where it is asset real estate, their marketability in the market of both private and executive sales. The set of data obtained from the appraisal survey determines the judgment on the advisability of the purchase transaction and the price to be reserved for the block being divested. Lexpertise, relying on the expertise of the firm’s professionals and collaboration with a network of specialized outside professionals, has established a team dedicated to legal portfolio analysis activities.

Due Diligence

Preliminary bank credit assessment is the preparatory phase of the purchase but also the key diagnostic moment for the future definition of the business plans that support the financial sustainability of the business activity.

The due diligence activity is expressed in a legal, economic and financial assessment, which includes an analysis of packages addressed to the purchase through the examination of all components of the credit and, therefore, the titles of judicial or extrajudicial formation, guarantees, real estate valuations in the case of the assumption of collateral, actions promoted or to be promoted for the compulsory recovery of the credit, the risk of bankruptcy of the debtor and potential loss of credit.

Accompanying the legal part is a forward-looking investigation of debt recovery estimates that involves an assessment of the assumed costs, the expected time frame for achieving the expected result, the quality of the assets underlying the claim, and, therefore, where it is asset real estate, their marketability in the market of both private and executive sales.

The set of data obtained from the appraisal survey determines the judgment on the advisability of the purchase transaction and the price to be reserved for the block being divested.

Lexpertise, relying on the expertise of the firm’s professionals and collaboration with a network of specialized outside professionals, has established a team dedicated to legal portfolio analysis activities.

UTP – Restructuring Plans

In the macrocategory of NPEs(Non Perfoming Exposures), of which NPLs make up the part related tonon-performing loans and thus bad debts, UTPs(Unlikely to pay) represent those debt positions that are unlikely to be collected but not yet uncollectible. The legal treatment of UTPs is different in nature and purpose from that of NPLs: whereas the recovery activity of a debt classified in the NPL category is liquidatory in nature, i.e., it is aimed at the sale of the debtor’s assets with the purpose of recovering the economic equivalent, the recovery activity of a UTP debt is restorative in nature, i.e., it is aimed at the resumption of business activity, potentially deemed possible, with the purpose of remittance In bonis of the entrepreneur. The management of UTP credits is therefore done through an economic-financial analysis of the company, its debt-to-credit ratio, its ability to maintain an impact on the market and a substantial resumption of business, all of this with the use of tools such as recovery or restructuring plans, the use of new finance, or even the intervention of third parties interested in business continuity. As with NPL loans, UTP loans have more recently experienced entry into the assignment market from the banking system to specialized Servicers through block sale transactions that have enriched outsourced managed portfolios. Lexpertise has established a group of professionals in the legal profession and business consulting who can support Servicers assignees of UTP portfolios in managing the positions they acquire.

UTP – Restructuring Plans

The legal treatment of UTPs is different in nature and purpose from that of NPLs: whereas the recovery activity of a debt classified in the NPL category is liquidatory in nature, i.e., it is aimed at the sale of the debtor’s assets with the purpose of recovering the economic equivalent, the recovery activity of a UTP debt is restorative in nature, i.e., it is aimed at the resumption of business activity, potentially deemed possible, with the purpose of remittance In bonis of the entrepreneur.

The management of UTP credits is therefore done through an economic-financial analysis of the company, its debt-to-credit ratio, its ability to maintain an impact on the market and a substantial resumption of business, all of this with the use of tools such as recovery or restructuring plans, the use of new finance, or even the intervention of third parties interested in business continuity.

As with NPL loans, UTP loans have more recently experienced entry into the assignment market from the banking system to specialized Servicers through block sale transactions that have enriched outsourced managed portfolios.

Lexpertise has established a group of professionals in the legal profession and business consulting who can support Servicers assignees of UTP portfolios in managing the positions they acquire.

The benefits to the customer

Comprehensive legal assistance for every need from the personal sphere.

Legal support that is easy to access.

Professional help in solving problems but also in 'identifying new solutions for personal and family well-being.

Professionalism and confidentiality.

Experience and multidisciplinarity provided by a highly specialized network.

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