Management of Relations Between Banks and Difficult Debtors
Тhe present paper outlines the need for an algorithm of management of relations between banks and debtors who do not fulfill their credit obligations. Inability to pay in time is proposed as a formal criterion of potential risk of insolvency. A classification of debtors based on their solvency and good will is proposed. Different models of relation management for each group of debtors are given. A classification of bank strategies is proposed. Unlawful strategies are described.