DECODING OVER-INDEBTEDNESS IN EUROPE

Discover how QUALCO Collections & Recoveries (QCR) ensures compliance with diverse European legal frameworks on over-indebtedness 

Executive summary

Over-indebtedness poses a substantial challenge within the European Union, affecting individuals, businesses, and the wider economy. With the EU implementing legislative measures to address this issue, disparities in implementation across countries pose challenges for financial institutions. This report focuses on four European countries: Greece, Italy, Spain, and France, highlighting how QUALCO Collections & Recoveries (QCR) helps financial institutions adhering to each country's unique legal framework. 

Key topics covered in the report:

• Examination of Greece's Out of Court Workout process 
• Italy's procedures for the Composition of Over-Indebtedness Crisis (integrated into CCII since July 2022)
• Analysis of Spain's Second Chance Law 
• Complexities and impacts of France's 'Surendettement'
• How QCR helps financial institutions adapt to regulatory changes and legal requirements