Country Report_Italy: NPL and insolvency proceedings - by Giorgio Cherubini and Giovanna Canale

Recently, the attention of the financial–economic world has focused on non-performance loans, (hereafter NPL).

The term “NPL” stands for bank loans emerging from mortgages, loans and funding, difficult to recover due to a worsening of the economic and financial situation of the debtor, no longer able to perform all or part of his/her contractual obligations.