Kolesnyk Ilya
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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Debt cancellation

Debt cancellation

In the life of every person there are dozens of different factors that force you to use credit funds at least once. Today, there are a variety of offers in this area: loans are provided by banking and financial companies, microfinance institutions. Lending conditions vary, but each financial structure finds its client. However, not everything always goes according to plan. There are frequent cases when people take out loans and are unable to fulfill the terms of the contract on time. What to do in such a situation? The first right step is to contact a specialist. The lawyers of our office “Prikhodko and Partners” will consider all possible options for getting out of the situation, including debt cancellation. Let’s consider this issue in more detail.

Legal grounds for debt cancellation

It is important to remember that debt cancellation must take place within the framework of current legislation, in compliance with established procedures. Attempts to illegally resolve the issue will have serious legal consequences. Qualified lawyers of “Prikhodko & Partners” will help you choose the most effective legal strategy for debt settlement.

To begin with, we note that debt cancellation is a process that can result in a significant reduction or complete cancellation of debt. This process involves the use of a variety of methods, including:

  • Declaration of bankruptcy of individuals.
  • Declaration of debt without going to court (pre-trial write-off).
  • Debt cancellation in court.

Let’s start with extrajudicial debt cancellation. Declaring bankruptcy of an individual provides an opportunity to cancel debts. This is a fairly effective method of settling debts without going to court. This option is fully controlled by a lawyer, who will help to avoid lawsuits, thereby minimizing negative consequences.

An important aspect is the write-off of so-called “bad” debts (in addition, debts from fees and taxes).

Also, the current legislation provides for the possibility of canceling debts without declaring bankruptcy of individuals. Thus, you can significantly save resources and time, which are always accompanied by legal proceedings. Therefore, debt write-off is carried out through both judicial and extrajudicial mechanisms.

The client’s financial situation can be significantly eased by writing off debts without declaring bankruptcy. The final decision on the option of writing off debts of individuals during bankruptcy is determined based on the circumstances of the case.

Professional lawyers “Prikhodko and Partners” will become your reliable assistants in this difficult process!

Debt cancellation

It will also be useful: Loan debt reduction

Is automatic debt write-off possible?

Many people have a question: is it possible to write off debt if the debtor makes no effort, has no property or official income? Some Ukrainian banks write off credit debts after 10-15 years of delay. However, after such debt write-off, another debt arises – a tax of 19.5% of the written-off funds.

Thus, you should not hope for automatic debt write-off. It is better to contact professional lawyers.

Lawyers “Prikhodko and Partners” provide comprehensive assistance in resolving any financial difficulties of both individuals and legal entities:

  • Out-of-court debt write-off.

This option significantly minimizes legal formalities. At the same time, the client receives maximum benefits. Our lawyers successfully initiate the write-off of bad debts (taxes, fees, etc.).

  • Active participation in the bankruptcy procedure.

Our specialists will help you cancel debts within the framework of this procedure. If there are objective grounds, debt cancellation is possible without declaring bankruptcy. In this case, we take into account not only the interests of clients, but also the legality of all procedures.

  • Implementation of pre-trial debt cancellation.

Our lawyers provide comprehensive support even in the most difficult situations.

The cost of debt cancellation can vary significantly depending on specific circumstances, such as the amount of debt, the number of creditors, the type of debt (consumer, mortgage, tax, etc.) and the complexity of the procedure itself. In some cases, the cancellation may be partial, when restructuring or reducing the amount of debt is agreed, and in others – complete, for example, through the bankruptcy procedure of an individual.

It is quite difficult to understand all the nuances on your own, because each financial case has its own legal characteristics. That is why it is important to seek qualified legal assistance. A lawyer will help you assess your chances of debt cancellation, prepare the necessary documents, negotiate with creditors or represent your interests in court.

Do you have any more questions? We are waiting for a preliminary consultation in a format convenient for you (offline or online)! To calculate the cost of a lawyer’s services for debt cancellation, fill out the form below.

Calculate the cost of services

1 question

Do you need to cancel debts under a credit agreement?

Yes
No

2 question

Do you have any debts with a bank or MFI?

Yes
No

3 question

Do you need legal support?

Yes
No

4 question

Do you need the service urgently?

Yes
No

Is it possible to go through the bankruptcy procedure if the debt is less than 180,000 UAH?

Bankruptcy can be filed regardless of the amount of debt — there are no minimum limits set by law. However, if the amount of debt is less than UAH 180,000, it is usually more advisable to agree on debt restructuring, as bankruptcy may be economically unprofitable.

If I am not in Kyiv, can I cooperate with you?

Yes, we work remotely throughout Ukraine and even with clients abroad! We have many clients from Lviv, Odessa, Dnipro, Kharkiv, Cherkasy and other settlements.

Communication is carried out in any way convenient for you.

Successful cases on the topic:

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Bankruptcy

Agreement on the assignment of the right of claim An appeal against a court decision on debt collection Anti-collector Application for initiation of bankruptcy proceedings Assignment of the right of claim under the credit agreement Bankruptcy certificate for legal entities Bankruptcy of a legal entity Bankruptcy of a utility company Bankruptcy of an individual Bankruptcy of an individual entrepreneur Bankruptcy of individuals Certificate from the Unified Register of Enterprises in respect of which bankruptcy proceedings have been initiated Challenging the executive inscription of the notary on the loan Checking the availability of loans for an individual Collect the debt from the guarantor Consultation of a lawyer regarding credit debts Consultation on bankruptcy of an individual Corporate Bankruptcy (Company Bankruptcy) Credit debt collection Credit lawyer Credit restructuring in a bank/microfinance organization Debt cancellation Debt collection for housing and communal services Debt collection under a credit agreement Debt collection under the factoring contract Debt collection under the loan agreement Debt restructuring for housing and communal services Debt restructuring under a credit agreement Debt write-off for credit / microloans Debt write-off in bankruptcy Declaration of bankruptcy Development of a contract of assignment of the right of claim Development of a debt receipt Development of a loan agreement between individuals EBRD lending Executive proceedings for communal services Fictitious bankruptcy File for bankruptcy Financial rehabilitation and bankruptcy of enterprises Forced collection of debt Forced collection of debt under a credit agreement Gas debt restructuring How to get a certificate of bankruptcy / no bankruptcy? Individual Bankruptcy Lawyer Judicial debt restructuring outside of bankruptcy proceedings Lawyer for credits and microloans (MFI) Lawyer under Art. 200 of the Criminal Code – Illegal actions with transfer documents, payment cards and other means of access to bank accounts, electronic money Lawyer under Article 302 of the Criminal Code – Creation or maintenance of places of debauchery and solicitation Legal advice on loans Legal analysis of credit agreements Legal assistance with microcredits (MFIs) Legal support of the assignment of the right of claim Legal support of the bankruptcy procedure Liquidation of a company through bankruptcy proceedings Liquidation of a legal entity Liquidation of LLC with debts Liquidation of the company under the bankruptcy procedure Mortgage write-off under the bankruptcy procedure Obtaining a certificate of absence of bankruptcy Opening of bankruptcy proceedings Protection of creditors’ rights during the liquidation of a legal entity Protection of creditors’ rights in bankruptcy Protection of the rights of consumers of banking services Recognizing a natural person as bankrupt Removal of seizure from the account for payment of wages Removal of seizure from the debtor’s accounts Restructuring debt on a mortgage loan in foreign currency Restructuring of electricity debt Restructuring of foreign currency loan Restructuring of foreign currency loan Privatbank Restructuring of foreign currency mortgage Restructuring of heating debt Restructuring of the debtor’s debts Sanitation of the debtor in bankruptcy cases Sanitation of the enterprise Statement of claim for collection of debt for utility services Statement of claim for debt collection Statement of claim for debt collection under a credit agreement Statement on insolvency of a natural person Support of creditor in the bankruptcy procedure Support of creditors in the debt collection procedure Support of creditors in the restructuring procedure Support of the bankruptcy procedure of a legal entity Support of the bankruptcy procedure of an individual The bankruptcy procedure of an individual Voluntary liquidation of a legal entity through the bankruptcy procedure Write off a loan for a mortgage (housing) Write off a mortgage loan Write-off of accounts payable Write-off of Borgs for utility services Write-off of loan debt for the guarantor