Shakhovets Anastasia

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Lawyer in the practice of bankruptcy of individuals and individual entrepreneurs. Specializes in write-off of bank and MFI loans through the bankruptcy procedure.

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Case: Deducting interest to military personnel

Restructuring and bankruptcy
Reading time: 2 min.
Authors
Shakhovets Anastasia Kolesnyk Ilya

Service: Deducting interest to military personnel

At the beginning of June, a military serviceman who took a loan from an MFI applied to the problem debt department. At the time of contacting the lawyers, the serviceman had accumulated a significant amount of interest, which made it much more difficult for him to fulfill his obligations to the microfinance institution. The amount of debt was relatively small to consider the bankruptcy procedure, so our lawyers, having found out the fact that the client is a military serviceman, began to act in accordance with Article 14 of the Law of Ukraine “On Social and Legal Protection of Military Servicemen and Members of Their Families.” So, at the time when our client was risking his life on the front line, lawyers Ilya Kolesnyk and Anastasia Shakhovets solved his problem.

According to the current legislation, military personnel are exempt from paying fines, penalties and interest for using loans. This right is guaranteed by Part 15 of Art. 14 of the Law of Ukraine “On Social and Legal Protection of Servicemen and Members of Their Families”.

The lawyers prepared the appropriate package of documents confirming the client’s mobilization and applied to the financial institution with a written demand for interest write-off.

As a result, our client was charged all accrued interest during the period of mobilization.

Photo confirmation of the results of this case:

Important points:

  • This case is a typical example of how lawyers can help military personnel protect their rights regarding credit obligations.
  • In order to write off the interest on the loan, the serviceman must provide the bank with documents confirming mobilization.
  • It is recommended to seek help from lawyers as early as possible, because this increases the chances of a successful resolution of the case.

If your rights as a military serviceman regarding exemption from paying interest and other payments on loans have been violated, contact the lawyers of “Prykhodko and Partners” company, specializing in the protection of clients’ rights in the field of banking and financial law, for help.

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1 question

Are you an active military serviceman?

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Do you have a lot of loans in MFIs?

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Are you in Kyiv or Kyiv region?

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4 question

Do you want to write off interest on loans?

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