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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Restructuring of the debtor’s debts

Restructuring of the debtor’s debts

Life is full of unforeseen circumstances that can sometimes lead to financial difficulties. The debt trap may seem insurmountable, but do not despair. Debt restructuring is a legal and effective tool to help you restore your solvency and improve your financial situation.

What is debt restructuring?

Simply put, debt restructuring is the process of settling debt obligations by making changes to the terms of their performance. This may include:

  • Reduction of the payment amount. This may be relevant if you are unable to pay current amounts due to job loss, illness or other difficult life circumstances.
  • Extension of the repayment term. This gives you more time to pay off the debt by spreading it over a longer period.
  • Lower interest rate. This can significantly reduce the total amount of debt you have to pay off.
  • Consolidation of several debts into one. This makes debt management easier and can lead to savings on interest.

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Advantages of restructuring

  1. Reduction of financial burden. Restructuring makes monthly payments more affordable, making life easier and less stressful.
  2. Avoiding bankruptcy. This can be an alternative to bankruptcy, which can have negative consequences for your credit history and future financial well-being.
  3. Preservation of property. Restructuring can help you keep your home, vehicle, and other assets that may be at risk due to debt.
  4. Improving credit history. Paying off your restructured debt on time can improve your credit history over time.
  5. Restoration of financial control. Restructuring gives you a clear plan to repay your debt, helping you regain control of your finances.

What debts can be restructured?

Various types of debt are subject to restructuring, in particular:

  • Loans: consumer, mortgage, car loans, credit cards.
  • Tax debts: debts owed to tax authorities.
  • Utility payments: unpaid debts for gas, water, electricity.
  • Court debts: debts due to court decisions.

What mistakes can be made if you deal with this issue without a lawyer?

  1. Incorrect assessment of the situation. Without proper analysis, you may underestimate your opportunities or accept unfavorable restructuring terms.
  2. Neglect of legal nuances. This can lead to serious legal consequences and worsen your situation.
  3. Unfavorable restructuring conditions. Without the help of a lawyer, you may agree to terms that are not in your best interest.
  4. Waste of valuable time. Solving the problem on your own can delay the restructuring process and complicate it.

What exactly will be the help of a lawyer in debt restructuring?

The professional assistance of a debt restructuring attorney can be of significant value to you:

Analysis of your situation and development of a strategy:

  • An attorney will conduct a thorough analysis of your financial situation, including your income, expenses, assets, liabilities, and credit history.
  • Based on this analysis, the attorney will determine the optimal debt restructuring path that meets your specific needs and capabilities.
  • He will develop a clear action strategy, which will include negotiations with creditors, preparation of necessary documents and representation of your interests at all stages of the process.

Negotiations with creditors:

  • The lawyer has the knowledge and experience necessary for successful negotiations with creditors.
  • He will represent your interests professionally and persistently, striving to achieve the most beneficial restructuring conditions for you.

Legal support and protection of your rights:

  • The debt restructuring process can be complicated and legally confusing.
  • A lawyer will ensure that your rights and interests are protected at all stages of the process.

Saving time and effort:

  • Dealing with debt restructuring on your own can be exhausting and time-consuming.
  • The lawyer will take over all the work related to the restructuring, saving you time and effort.
  • You will be able to focus on more important matters without wasting time on bureaucratic procedures and legal subtleties.

Peace of mind and confidence:

  • Debt restructuring can be an emotionally draining process.
  • A lawyer will be your reliable partner and consultant who will provide you with the support you need and help you maintain peace and confidence throughout the process.

By contacting the law firm “Prykhodko and Partners”, you will receive qualified assistance in debt restructuring. We will help you find the optimal solution that will allow you to restore your solvency and improve your financial situation.

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

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Do you have loan debts?

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No

2 question

Do you need help from a loan lawyer?

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No

3 question

Are you in Kyiv or Kyiv region?

Yes
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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:

You may also need:

Bankruptcy certificate for legal entities

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Liquidation of a company through bankruptcy proceedings

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Sanitation of the debtor in bankruptcy cases

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Bankruptcy of an individual

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Debt write-off in bankruptcy

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Lawsuit for recognition of a natural person as bankrupt

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Protection of creditors’ rights in bankruptcy

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Legal support of the bankruptcy procedure

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Individual bankruptcy

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Corporate Bankruptcy (Company Bankruptcy)

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Debt restructuring under a credit agreement

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Consultation on bankruptcy of an individual

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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