Liquidated Loans

Dear evenFi Members,

We understand how crucial it is for our investors to grasp the intricacies of loan statuses. In this guide, we will shed light on the circumstances that categorize a loan as "Liquidated" on our platform. The basis for defining a loan as "Liquidated" is that the chances of recovery unfortunately approach zero.

Concurso en Juzgado (Spain) or Liquidazione Giudiziale (Italy)
Spanish Loans: "Concurso en Juzgado"
When a Spanish company enters the liquidation process known as "Concurso en Juzgado."
If there is an "Aval/Fiudeiussione," our practice is to await guidance from legal experts before concluding on the possibility of recovery.
Italian Loans: "Liquidazione Giudiziale"
When an Italian company undergoes judicial liquidation, termed "Liquidazione Giudiziale."
Similar to Spanish loans, if there is an "Aval/Fiudeiussione," we await legal advice to determine the possibility of recovery.

We await legal insights before concluding the liquidation process, ensuring transparency and accurate assessments.

If you have further questions or require additional clarification, our support team is here to assist you.

Updated on: 02/02/2024

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