Restructuring of electricity debt

Life is unpredictable, and sometimes there are situations when electricity debt arises. This may be due to the loss of a job, unforeseen expenses, or simply inattention. Regardless of the reason, it’s important to know that there is a way out, and you don’t need to go to extreme measures.

What may be the consequences of incurring electricity debt?

Ignoring electricity debt can have serious consequences:

1. Power outage. This is the most common and most noticeable consequence. Without electricity, you will not be able to use household appliances, lighting, heating (if it is electric), and also conduct work if you work at home.
2. Fines and penalties. Fines and penalties are charged for late payments, which significantly increases the amount of the debt.
3. Lawsuits. In some cases, the energy company may sue the debtor to collect the debt. This can lead to forced withdrawal of funds from the account, seizure of property, or even restrictions on travel abroad.
4. Deterioration of credit history. Having late payments negatively affects your credit history, which can make it harder to get loans in the future.

Why restructuring is a reliable way out?

Restructuring of electricity debt is a legal way of debt settlement, which involves the conclusion of a new contract between the debtor and the energy supply company. This agreement contains a new debt repayment schedule that takes into account the debtor’s financial capabilities.

Advantages of restructuring:

• Conservation of electricity supply. You will not be left without light, which gives you time to solve the problem.
• Avoidance of fines and penalties. Fines and penalties are usually canceled or significantly reduced during restructuring.
• Legal method of debt settlement. Restructuring is a legitimate process that protects your rights.
• Convenient payment schedule. The new payment schedule will be developed taking into account your income and financial capabilities.
• Improving credit history. Paying off your restructured debt on time can help you improve your credit history.

What mistakes can be made in the absence of an experienced lawyer?

Self-regulating electricity debt restructuring can lead to the following errors:

• Incorrect paperwork: This can lead to the energy company not recognizing the restructuring and you again find yourself in a situation of late payments.
• Unfavorable contract terms: You may agree to a payment schedule that you cannot afford or other unfavorable terms.
• Loss of rights: Not knowing your rights can mean you lose them, for example the right to benefits or subsidies.

Full assistance in the restructuring of electricity debt from the legal company “Prykhodko and Partners”

Confronted with electricity debt? Don’t know how to restructure it? The legal company “Prykhodko and Partners” offers full legal support in the restructuring of electricity debt.

Our team of experienced lawyers will help you

• Understand all the nuances of the legislation on the restructuring of electricity debts.
• Collect the necessary documents.
• Compile and submit an application for restructuring to the energy supply company.
• Conduct negotiations with the energy supplier regarding the terms of restructuring and achieve the most favorable conditions for you.
• Draw up a restructuring agreement and ensure its legal purity.
• Represent your interests in case of disputes with the energy supplier.
• To control the process of implementation of the restructuring agreement.

Advantages of electricity debt restructuring with “Prykhodko and Partners”

1. Protection of your rights and interests. We will be by your side at all stages of debt restructuring.
2. Individual approach. We will develop a restructuring plan that fits your specific circumstances.
3. Efficiency. We will quickly and efficiently perform all the work related to the restructuring of your debt.
4. Convenience. You do not need to study the legal nuances yourself and waste time on bureaucratic procedures.
5. Saving money. We will help you minimize your debt restructuring costs.

By contacting the legal company “Prykhodko and partners”, you can be sure that you will receive qualified legal assistance and will be able to solve the problem of debt for electricity quickly, legally and with minimal losses.

If you want to get a consultation or find out the price of debt restructuring for electricity – fill out the form below.