After the Bank’s Trustee provides the relevant Executive document to the GIS, the process of interaction between the Bank and the debtor with the activities of the state Executive service will begin.
Such documents should include:
- court decision on debt collection;
- writ of execution of the court regarding foreclosure on the subject of mortgage;
- the Executive inscription made by the notary, about collecting on a subject of mortgage property.
Immediately after the SIS receives the relevant application from the financial institution and one of the documents listed above, the Executive office will be opened. Regarding the commencement of proceedings will be issued a special resolution, one copy of which the representative of GIS-a is obliged to send to the debtor under the signature. The resolution will also contain information that the lender has a week for independent, voluntary repayment of the debt.
After the commencement of enforcement proceedings, the public or private executor has the right to seize all the property of the debtor (when it comes to debt collection) or only on the subject of the mortgage (when it comes to foreclosure on the subject of the mortgage).
Speaking about debt repayment in favor of a financial institution, the actions of public and private Executive bodies may differ depending on the type of Executive documentation.
Do not panic and take rash action, even if the court ruled not in your favor. Fortunately, modern Ukrainian legislation provides debtors with a large number of options for delaying the process of enforcement proceedings and recovery of property in payment of the debt. This, in turn, allows to increase the period of delay for further credit payments. The delay time also provides an opportunity to obtain specific positive results: the removal of property from bail, repayment of the loan in full or write-off of part of the debt, the closure of enforcement proceedings, the removal of arrest and seizure.
Our specialists are able to:
- to cancel the enforcement proceedings on recovery of debts;
- remove the seizure of movable and immovable property;
- cancel the process of sale of collateral in payment of debt;
- to resolve problems with the authorities SIS and;
- exempt from the need to pay the state fee;
- not to allow to evict the debtor from his mortgage housing.
Kasyanenko & Partners Law Company is engaged in a comprehensive solution to problems related to credit debts at the stage of enforcement proceedings.
Specialists will help not only to remove the arrest from the property, but also to close the enforcement proceedings, minimize possible losses, write off debts, etc. You only need to sign a contract with Kasyanenko & Partners Law Company. All other actions we will perform ourselves!