Arnal provides collection services which involves supervising and restructuring the payment difficulties of those liable for them. One of our main activities is related to amicable debt collection in order to avoid lengthy and drawn-out—and often relatively of little use—court proceedings both in debt recovery and in guarantee enforcement.
Compliance with the currently extensive regulations on proceedings prior to judicial and enforcement proceeding, particularly when the debtors’ first home is involved. Arnal supervises, organises, and digitalises all documents and information generated by the collection process, which provides our clients with patent evidentiary control of the process and the certainty of acting in accordance with the compliance parameters required by the implementing legislation.
In the debt recovery process, guarantee enforcement is crucial, and in this type of proceedings, taking possession is probably the most problematic area. We, at Arnal, intervene during this stage by means of taking possession amicably in order to avoid judicial intervention which always involves temporary delays and possible damage to the physical condition of the properties.
In addition, during the process of taking possession, compliance requirements are very high, so we advise our clients and help them in fulfilling them by providing supervision and control throughout all the stages of the process. During these amicable proceedings, our document management professionals inspect the condition of the property and handle all subsequent negotiations and the signing of the documents for the surrender of possession.
The debt recovery process often concludes with the dation in payment of the property which is the subject of the guarantee. We, at Arnal, provide our services in this process during the preparatory stage, with a study of the registration status, ownership, documents, and the appraisal report; during the execution of the dation itself, by means of the powers of attorney granted; and finally, in the write-down and asset management stage once it is owned by the credit institution. In the debt recovery process, the most common type of proceedings is that of the adjudication of guarantees through legal proceedings which generally conclude upon obtaining the property’s title deed in of a third party or very often in aim of the financial institution itself or a real estate company belonging to its group to whom the auction of the adjudication has been awarded. The resulting title deed is an Adjudication Order issued by the court and which must be duly processed.