Shakhovets Anastasia
Shakhovets Anastasia

Senior lawyer

Phone numbers
+38 (073) 007-44-54 +38 (073) 007-44-49

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

Contact now
Exemption from loan debts

Exemption from loan debts

Ukraine, as a country with a developed system of financial regulation, establishes clear and detailed rules and procedures related to the resolution of issues of exemption from debt obligations for loans. These rules certainly take into account the various aspects and factors that affect financial transactions between lenders and borrowers.

 

What should you pay attention to?

The terms of the agreement play an important role in determining how debt relief issues can be resolved. They may contain various sections, stipulated term conditions, as well as conditions regarding payments.

In addition, legislative aspects play a significant role in regulating this process. Laws that define the rights and obligations of creditors and borrowers, as well as bankruptcy procedures, can affect how debt issues are resolved.

In general, the system for solving issues of debt relief for loans is complex and takes into account various factors, including the type of loan, terms of the agreement and legal provisions. This helps ensure fair and effective mechanisms for resolving financial disputes between parties in credit relations.

Possible ways to get rid of debt

  1. Debt restructuring

This is a legal process in an insolvency case used to reduce the amount of debt or change the repayment terms in accordance with the debtor’s debt restructuring plan.

Debt restructuring can look different, for example:

  • The so-called credit “holiday” is a delay in payments for a certain time, when the borrower can suspend regular payments.
  • The ability to repay the body of the loan itself – in this case, the borrower may be able to pay only the principal amount of the loan within a certain period of time, which allows to reduce the amount of accrued interest.
  • Extending the term of the credit agreement itself means extending the term of the credit agreement, which can lead to a decrease in the monthly payment by spreading the amount of the debt over a longer period.
  • Lowering the interest rate – this includes reducing the interest rate on the loan, which in turn reduces the monthly payments on the loan.

 

  1. Sanitation

The reorganization plan precedes the opening of bankruptcy proceedings immediately before the commencement of the proceedings.

In this way, it is determined:

  • the size, order and terms of repayment of the claims of only those creditors participating in the rehabilitation;
  • procedures for implementation of the rehabilitation plan and supervision of its implementation;
  • and, if a remediation manager is appointed, his authority.

It may additionally include the following:

  • division into categories of creditors participating in rehabilitation, depending on the type of claims and whether there is security for them;
  • establishing, depending on the requirements of different categories of creditors, the appropriate conditions for satisfaction;
  • procedures for obtaining loans or credits;
  • and other conditions stipulated by law.

  1. Bankruptcy

This is a recognition by the court that the debtor is not able to restore his solvency using the procedures described above, and to repay the creditors’ claims in monetary form established by the law in a specified manner, in a way other than by means of the liquidation procedure or the procedure for repaying the debtor’s debts. However, it should be taken into account that such a procedure is considered quite complicated and requires the help of a qualified lawyer who is ready to help in solving this issue.

It is important to consider that each case may be unique, and the effectiveness of these methods may vary depending on specific circumstances. Therefore, the lawyers of the company “Prykhodko and Partners” are always ready to help you.

Calculate the cost of services

1 question

Are you looking for a financial lawyer?

Yes
No

2 question

Are you looking for a lawyer to protect your rights as a debtor?

Yes
No

3 question

Are you interested in ways to get rid of loan debt?

Yes
No
Successful cases on the topic:
Articles on the topic:
20%
discount
If we do not
call back
during the day
Consultation
Law company
Leave a request for legal assistance right now:
9+ years on the market
70+ professional practitioners
Fixed price
Online / offline consultation

Debtor's rights protection

A statement of claim for the removal of a seizure from a bank account A statement of claim for the removal of seizure from property A statement of claim for the removal of the attachment from the debtor’s funds Appealing a loan agreement Appealing executive inscriptions Appealing the executive proceedings in case of imposition of a fine by the TCC Application for writing off interest on the loan Bank protection Claim for cancellation of debt for communal services Claim to lift seizure of property and accounts Close a loan in cryptocurrency Collector protection Complaint to the NBU against the MFI Credit history appeal Credit history check Debt cancellation in court Debt collection during martial law Debt collection for utility services during the war Debt collection from military personnel Debt write-off for utility services Determination of a current bank account for spending transactions Exemption from loan debts Forced collection of debt Freeze credit Individual bankruptcy Judicial debt restructuring outside of bankruptcy proceedings Judicial support of cases with the Unified State Register of Legal Entities Lawsuit for recognition of a natural person as bankrupt Lawyer for credit debts 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 analysis of credit agreements Legal assistance with microcredits (MFIs) Objection to the claim for debt collection Recalculation of the amount of the debt in court Recognizing a natural person as bankrupt Redemption of a loan or debt Removal from the unified register of debtors Removal of encumbrance from movable property Removal of seizure from property in enforcement proceedings Removal of seizure from the account for payment of wages Removal of seizure from the debtor’s account Removal of seizure from the debtor’s property Remove the arrest from the apartment Remove the attachment from the account, property, apartment, car Response to the claim for debt collection by receipt Restructuring debt on a mortgage loan in foreign currency Restructuring of foreign currency loans Restructuring of PrivatBank credit card debt Salary account unlocking Statement of claim for collection of debt for utility services Statement of claim for debt collection under a credit agreement Statement of claim for debt collection under a loan agreement Statement of claim to appeal the actions of a state enforcement officer Sue the bank Termination of executive proceedings of a serviceman The single register of debtors is the price of removal from the register of debtors Unlocking debtors’ account Write-off of accrued interest during martial law on loans for military personnel Write-off of debts of an individual in Ukraine Write-off of interest on a loan to the military in Ukraine Write-off of loans and interest on loans to female military personnel Write-off of single tax debt (SP) due to bankruptcy Writing off debts and loans