Debt collection under a credit agreement

A credit agreement is an agreement between a bank and a natural or legal entity that defines the terms of granting a loan. It specifies the amount of the loan, the interest rate, the repayment period, the procedure for making payments, and the rights and obligations of the parties.

Ways to collect a debt without a lawsuit: contact a lawyer

Negotiations with the debtor:

• Pretrial settlement is the first step that is recommended for debt collection.
• A lawyer will help you prepare a claim against the debtor, in which he will be able to clearly state the requirements for the return of funds, as well as penalties.
• Conducting negotiations with the debtor with the participation of a lawyer can help to find a compromise solution that satisfies both parties.

Debt restructuring:

• If the debtor cannot repay the entire amount owed at once, a lawyer will help you draw up a debt restructuring plan.
• The restructuring plan may provide for payment installments, a reduction in the amount of monthly payments, and forgiveness of part of the debt.

Advantages of debt restructuring for the creditor

• Preserving business relationships with the debtor: Debt restructuring can help preserve business relationships with the debtor, if possible.
• Repayment of at least part of the funds: Even if the debtor cannot repay the entire amount owed, restructuring will allow you to return at least part of the funds.
• Avoiding Litigation Costs: Debt restructuring can help you avoid litigation costs, which can be significant.

What to do if the debt cannot be collected without a court? Help from our company

If you have exhausted all pre-trial methods of debt recovery from the debtor, but he still does not fulfill his obligations, you must go to court. The lawyers of our company “Prykhodko and Partners” have extensive experience in debt collection under credit agreements and will help you:

• Prepare a statement of claim to the court. It will clearly outline your requirements to the debtor, as well as include all the necessary documents.
• Represent your interests in court hearings. Our lawyers will professionally defend your position in court and do everything possible to win the case.
• Get an executive letter. After the court has issued a decision in your favor, our lawyers will help you obtain a writ of execution, which is necessary for forced collection of the debt from the debtor.

In addition, we offer the following services:

1. Search of the debtor’s property. Our lawyers will help you find the debtor’s property that can be seized.
2. Interaction with performers. We will monitor the process of execution of the court decision and take measures so that the debtor does not avoid paying the debt.
3. Appealing the actions of the debtor and executors. In case of problems with the execution of the court decision, our lawyers will help you appeal them.

By contacting “Prykhodko and partners”, you can be sure that you will receive qualified legal assistance and be able to collect the debt from the debtor in the shortest possible time.

Why should you contact our company “Prykhodko and Partners”?

Extensive work experience in such cases:

• Our lawyers have successfully resolved hundreds of debt collection cases under credit agreements.
• We know all the intricacies of this legislation and know how to apply them in practice.
• We constantly monitor changes in legislation and use the most modern work methods.

Competent analysis of the credit agreement:

• Our lawyers will carefully analyze your credit agreement and determine all the legal grounds for collecting the debt from the debtor.
• We will identify all violations on the part of the debtor and use them to your advantage.
• We will collect all the necessary evidence that will prove you are right.

Individual approach:

• We do not use standard approaches to working with clients.
• We approach each case individually, taking into account all its features.
• We will develop an optimal debt collection strategy for you, which will meet your interests as much as possible.

High performance:

• We have a very high percentage of successful cases in the courts.
• We know how to convince the court that you are right and achieve a fair decision.
• We do not give up and fight for your interests until the end.

Transparent service prices:

• We offer our clients transparent prices for services.
• You will know about all the costs of our services even before starting work.
• We do not charge you any hidden fees.

By contacting “Prykhodko and partners”, you can be sure that you will receive qualified legal assistance and be able to return your funds under the credit agreement.

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