Distress debt and NPLs. Sale and purchase agreement of non-performing credit portfolio.

Nº 4 / 2019 - octubre-diciembre

Distress debt and NPLs. Sale and purchase agreement of non-performing credit portfolio.

José María Gil-Robles
J&A Garrigues, S.L.P

Abstract:

This article aims to explain how the processes of acquisition of distress debt portfolios are in practice, understanding for distress both non-performing credits and the real estate assets acquired in forced execution processes.
This is intended to indicate which are the main risks and legal issues that characterize these operations.

Keywords: Debt, Distres, NPLs, REO, Purchase.