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Lawyer in the practice of bankruptcy of individuals and individual entrepreneurs. Specializes in write-off of bank and MFI loans through the bankruptcy procedure.

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Write off a mortgage loan

Write off a mortgage loan

A mortgage loan is a common way to purchase a dream home. However, life does not always go according to plan, and situations arise when debt repayment becomes impossible.

Mortgage loan: what is it?

A mortgage loan is a targeted loan issued by a bank secured by real estate. Thanks to this tool, a person gets the opportunity to purchase housing, distributing its cost over a long period (usually 10-30 years).

Why and what problems arise with mortgage loans?

There are many reasons why paying off a mortgage loan can become problematic:

  • Loss of working capacity: loss of job, serious illness, disability – all these can lead to a significant decrease in income, making it difficult or impossible to repay the loan.
  • Change in financial situation: divorce, birth of children, other unforeseen events can have a significant impact on the family budget, making it difficult to meet loan obligations.
  • Economic crises: the growth of the exchange rate, inflation, other economic troubles can lead to a significant increase in the price of loan payments.
  • Dishonest actions of banks: there are cases when banks deliberately underestimate the value of collateral, offer unfavorable credit terms, or charge illegal fines and penalties.

Is it true that you can write off a mortgage loan, how?

Yes, in some cases it is possible to write off the mortgage loan. Here are two main ways:

Bankruptcy

The bankruptcy procedure involves the restructuring or complete write-off of the debts of an individual.

In order to write off a mortgage loan due to bankruptcy, it is necessary to meet certain criteria established by the legislation of Ukraine. Such criteria include:

  • Being insolvent: The amount of debts far exceeds your assets and ability to repay them.
  • Inability to fulfill obligations to creditors: you cannot pay the monthly loan payments for a certain period of time.
  • No malicious acts on your part: You have not tried to artificially create debts or hide your assets.

The bankruptcy procedure is complex and requires legal support. Our company’s lawyers have extensive experience in bankruptcy cases and will help you at all stages of this procedure.

Write-off of mortgage loans for destroyed housing:

In March 2022, Ukraine adopted a law that provides for the possibility of writing off mortgage loans for citizens whose homes were destroyed as a result of military operations.

In order to receive a write-off, it is necessary to submit to the relevant authorities a package of documents confirming:

  • Your ownership of the destroyed home.
  • The fact of the destruction of housing as a result of military operations.
  • Availability of a mortgage loan for this home.

This procedure also requires legal support. The lawyers of our company will help you collect the necessary documents and submit them to the relevant authorities.

It is important to note that each case is individual, and there is no universal way to write off a mortgage loan.

The help of the lawyers of our company is a tool for solving the problem

If you are faced with a mortgage loan problem, do not despair. The lawyers of our company “Prykhodko and Partners” have extensive experience in working with complex credit cases and will help you find the best way out of the situation.

Our experts offer:

  • Consultations on mortgage lending.
  • Analysis of your credit situation.
  • Development of a problem solving strategy.
  • Representation of your interests in court and other bodies.
  • Help in collecting the necessary documents.

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Why should you choose our company?

Experience:

  • Our lawyers have successfully completed dozens of mortgage foreclosure cases.
  • We know all the nuances of this complex legal procedure.
  • Our experience allows us to find non-standard solutions and achieve positive results even in the most difficult cases.

Professionalism:

  • We have a deep knowledge of Ukrainian legislation in the field of mortgage lending and bankruptcy.
  • We regularly monitor all changes in legislation and apply them in our work.
  • Our lawyers constantly improve their qualifications and participate in seminars and conferences.

Individual approach:

  • We will carefully listen to your situation and analyze all the details of your case.
  • We will develop an individual strategy for solving the problem for you.
  • We will constantly inform you about the progress of the case and provide the necessary consultations.

Do not delay, contact us now. Together we will find a way to solve your problem.

Would you like to order a consultation or would you like to know the price of a mortgage loan write-off? Fill out the form below.

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Overdue mortgage payments?

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Are you in Kyiv?

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3 question

Has the process of preparing documents for writing off the loan already started?

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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.

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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