Attorney
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
Debt restructuring under a credit agreement
Debt restructuring is a change in the terms of credit service. We are talking about the revision of the interest rate, loan repayment terms and the total amount of the debt. Banking institutions most often offer to carry out debt restructuring in cases where the customer’s credit obligations are overdue for more than 6 months. Borrowers who are unable to repay loans are put on the so-called “black list” of the country’s entire banking system. However, of course, banks are interested in returning loan funds and receiving their interest even on other terms.
What tools does the bank use for debt restructuring?
Debt restructuring under a credit agreement is the assistance of the banking structure to its borrower in fulfilling credit obligations. How? If the borrower cannot repay the debt for good reasons, it is better to contact the bank representatives and discuss the terms of its restructuring. The credit agreement is being reviewed for the possibility of debt restructuring. Among other things, the bank can offer a deferral of loan payments for a certain period of time.
Variations of debt restructuring are selected in each specific situation. The restructuring tools listed below are the most popular among banks. Undoubtedly, most of them prefer to resolve the debt problem before the court.
If the debtor submits an application to the court about his insolvency, a project confirming the possibility of restoring solvency in the future must be provided in addition. At this stage, it is better to enlist the support of professional lawyers who will help analyze the current financial situation and prepare a plan to achieve the desired result. The debt repayment plan must be approved and approved.
Full cancellation of restructured debt is possible for persons who belong to the following categories: war veterans, disabled people of the 1st group, socially vulnerable categories of citizens, etc.

Standard restructuring schemes include:
- Extending the credit term
The credit term can be extended by a term that does not exceed the maximum provided by the specified credit program. Let’s consider this on an example. The maximum term of credit for the purchase of a car is 7 years, and the borrower’s credit obligations are concluded for 5 years. Accordingly, the borrower has another 2 years to repay the loan. Thus, the monthly payments will be reduced.
- Credit holidays or deferment of payments on the body of the loan
Each bank can offer its version of this program. For example, a postponement for a period of up to 6 months (most often – no more than 3). As a rule, a longer term does not apply. Although there may be exceptions to this rule. For example, the client needs time to sell his property or receive income that will allow him to fulfill his credit obligations in full.
For the debtor, the advantages are obvious – he will be able to repay the loan gradually, and the banking structure will not have additional overdue debts, for which a reserve is usually created. At the same time, interest on loans is paid monthly.
You can also switch to another repayment schedule – an annuity or a combined program. Everything depends exclusively on banking structures.
Most employees of banking structures agree that the most popular way to restructure a loan is to extend the term of its payment.
Thus, there is no single rule for restructuring. This is purely individual work, which depends on the situation in which the debtor found himself. At the same time, it is very important to correctly assess your strengths, possible risks and prospects.
Very often, banking structures are not ready to meet the client and start the debt restructuring process. In this case, the only correct solution will be to turn to specialists – professional lawyers.
Employees of “PRIKHODKO & PARTNERS” will help you postpone payments, avoid fines, write off debt, etc. Each case is considered separately.
Sign up for a consultation with Kyiv’s best debt restructuring specialists.
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1 question
The amount of the debt exceeds UAH 200,000?
2 question
Are you more than 2 months overdue on a loan?
3 question
Are you officially employed?
4 question
Are you in Kyiv or Kyiv region?
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.
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