Kolesnyk Ilya

Attorney

Phone numbers
+38 (073) 007-44-49 +38 (073) 007-44-54

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

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Case: Successfully settled the client’s loan debt without bankruptcy proceedings

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

Service: Credit Debt Settlement

Client’s situation

Our client, Ms. Anastasiia, approached us with significant credit debt to several financial institutions. Although the total amount of debt was substantial and created a serious financial burden, it did not reach the minimum threshold required to initiate personal bankruptcy proceedings.

Ms. Anastasiia wanted to settle her debt as quickly as possible and with minimal losses, obtain realistic conditions for its full repayment, and restore her financial stability.

Our solution and strategy

  • Detailed analysis and assessment: We conducted a comprehensive audit of all credit agreements, arrears, penalties, and the actual principal amount of the debt, and also assessed the client’s financial capacity for further payments.
  • Forming “loyal” requests: Based on Ms. Anastasiia’s financial situation, we prepared and submitted well-argued official requests to each creditor. The key arguments included:
  1. Emphasizing the client’s intention to settle the debt.
  2. Demonstrating the client’s readiness for full repayment of the loan principal, provided that the terms were revised.
  3. A request for partial or full write-off of the accrued interest.
  • Negotiations and coordination: We took over the entire negotiation process, insisting on an individual approach and restructuring/settlement terms that were favorable for the client.

Result

Thanks to professionally drafted requests and persistent negotiations with financial institutions, we managed to achieve an impressive result:

  • Partial write-off of interest: We obtained official approval from creditors for the partial write-off of a significant portion of accrued interest and penalty charges.
  • Full repayment: The client took advantage of the new, more favorable terms and fully repaid her reduced debt to all creditors within the established timeframe.
  • Legal clarity: After final settlements, Ms. Anastasiia received from all financial institutions official certificates confirming the closure of the loans and the absence of any claims.

Photo confirmation of the result

The client successfully settled her debt, avoiding lengthy and costly litigation or an unfeasible bankruptcy procedure, and regained her financial freedom.

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Do you have any loan debts?

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Is the loan debt less than necessary for bankruptcy proceedings?

Yes
No
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Do you need legal help?

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Bankruptcy

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