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Specialist in bankruptcy of individuals and legal entities. Provides legal support in bankruptcy procedures for individuals, private limited liability companies, legal entities, as well as closing executive proceedings, concluding restructuring and settlement agreements with financial institutions
Restructuring of foreign currency loan
A foreign currency loan is a loan issued in a foreign currency (for example, in US dollars or euros). Until 2014, many Ukrainians took such loans, because they were offered by banks at attractive interest rates. For example, banks such as FUIB, Privatbank, Ukrgasbank, Raiffeisen Bank Aval, Alfa Bank and others issued a lot of foreign currency loans.
Such a loan can become a serious burden due to currency fluctuations. Fortunately, Ukrainian legislation offers a mechanism for restructuring foreign currency loans, which allows to improve repayment conditions and significantly reduce financial pressure.
Why it is important to use our support
According to the current legislation of Ukraine, it is possible not only to restructure debt obligations, but also to reduce them. In some cases, foreign currency loans can be canceled altogether if they were issued with significant violations. Our law firm “Prykhodko and Partners” helps to reduce this burden as much as possible and to return to a free life without problems due to constant calls from bank employees and other moments that arise due to the existence of a large debt.
Independent negotiations with the bank can lead to unfavorable restructuring conditions, which means overpayment. We have extensive experience in this area and know how to achieve a fair solution for you. Thanks to the knowledge of legislation and skillful negotiation, we can achieve a significant reduction in the amount of debt, fines and penalties. We will not only negotiate with the bank, but also check the legality of your foreign currency loan, as well as advise on the tax consequences of restructuring.
Contacting lawyers minimizes the risks of unfavorable restructuring conditions, unfair actions by the bank and additional financial losses. You will pay several times less for our services than we will help you save.
Verification of the legality of a foreign currency loan
This is an important step that can help you avoid problems with the bank and improve your chances of a successful restructuring or discharge of the loan.
Here are some of the reasons why you should check the legitimacy of your foreign currency loan:
- Your loan may have been issued in violation of the law. For example, the bank may not provide you with full information about the terms of the loan, or may not be authorized to issue loans in foreign currency.
- Your loan agreement may contain invalid clauses. For example, the contract may contain a provision that allows the bank to change the interest rate unilaterally.
- Perhaps the bank violated its obligations under the loan. For example, the bank may not provide you with proper loan servicing, or may not fulfill its obligations regarding loan restructuring.
If you suspect that your foreign currency loan was issued in violation of the law, you should contact a lawyer. We will help you check the legality of your loan and, if necessary, challenge the bank’s actions in court.
Writing off a foreign currency loan is a difficult process, but it is possible if the bank has significantly violated the law.
Competent restructuring of a foreign currency loan with the help of a lawyer: the way to financial peace
Our lawyers, having experience and knowledge of legislation, know how to achieve the most beneficial restructuring for you.
Here are some key points why you should contact us:
- Analysis of credit documentation. The lawyer will carefully study your loan agreement, identify possible violations by the bank and prepare arguments for successful negotiations.
- Development of an individual plan. Depending on your situation, a lawyer will suggest the best option for restructuring. fixing the exchange rate, writing off part of the debt, extending the repayment term, changing the currency of the loan, etc.
- Professional negotiations. The lawyer will negotiate with the bank on your behalf, protecting your interests and achieving favorable restructuring terms.
- Process control. A lawyer will guide you through the entire restructuring process, from collecting documents to signing a new credit agreement.
- Legal protection. In case of conflict situations with the bank, a lawyer will represent your interests in court.
The main advantages of restructuring the foreign currency loan
- Thanks to fixing the exchange rate or writing off part of the debt, you will pay much less.
- A lower monthly payment will ease your financial situation and allow you to plan your budget more confidently.
- Smart restructuring can help you avoid late payments, penalties and interest, and improve your credit history.
If you need a consultation or a price for restructuring a foreign currency loan – fill out the form below.
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Do you have a delinquent loan?
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Are you unable to meet your loan obligations on time?
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Would you like to learn how to restructure a loan in foreign currency?
Specialist in bankruptcy of individuals and legal entities. Provides legal support in bankruptcy procedures for individuals, private limited liability companies, legal entities, as well as closing executive proceedings, concluding restructuring and settlement agreements with financial institutions
Cases on the topic of services: “Restructuring of foreign currency loan”
TOP lawyers dealing with such cases in Ukraine
How to order the service? How do we work?
Thanks to the experience and professionalism of bankruptcy lawyers, you will receive qualified assistance at all stages of resolving your debt situation.
Service ordering process:
- Application
- Calling a lawyer
and defining tasks - Contract and payment
- Consultation,
case analysis, specialist work
What is the price for a lawyer's consultation and assistance?
Price for services in the "Bankruptcy" category:
The name of the service | Price, UAH | Terms |
---|---|---|
Bankruptcy of an individual | from 45 000 UAH | from 6 months |
Bankruptcy of an individual entrepreneur | from 50 000 UAH | from 6 months |
Sanitation of the debtor in bankruptcy cases | from 18 000 UAH/Month | 12 months |
Restructuring of the debtor’s debts | from 4 000 UAH | 10 days |
Restructuring of PrivatBank credit card debt | from 6 000 UAH | 30 days |
Statement of claim for collection of debt by receipt | from 7 000 UAH | 30 days |
Restructuring of foreign currency loan | from 7 000 UAH | 30 days |
Removal of seizure from the debtor’s account | from 7 000 UAH | 30 days |
Response to the claim for debt collection by receipt | from 10 000 UAH | 6 months |
Bankruptcy certificate for legal entities | from 3 500 UAH | 3 days |
Writing off debts and loans | from 75 000 UAH | 3 months |
Claim for cancellation of debt for communal services | from 8000 UAH | 3 months |
from 4,000 to 244,000 UAH The price is valid for September 2024
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