Good day.
If the enterprise is in a state of bankruptcy, its obligations from loans are not terminated. However, there are various ways to reduce the debt to the bank and save the business.
Negotiations with the creditor: first of all, it is important to contact the bank that granted the loan and talk to the bank representative about the possibility of restructuring the debt. Usually, the bank is ready to negotiate, as this gives it a better chance of getting at least part of its debt back.
Conducting bankruptcy proceedings: if negotiations with the creditor do not yield results, you can consider the possibility of conducting bankruptcy proceedings. At the same time, the bank can receive part of its debt from assets that will be sold during the liquidation of the enterprise.
Carrying out court proceedings: if the company believes that the bank is acting illegally, it is possible to go to court. At the same time, the court can establish the illegality of the bank's actions and reduce the amount of the debt that needs to be paid.
It is important to remember that each case is unique and there are different options for solving the problem.
Good day.
In the case of a dispute with a creditor, there are different ways to resolve the conflict.
You can try to agree with the creditor on the terms of debt repayment. This can be beneficial for both parties, as it avoids additional litigation costs. A written agreement is recommended.
If an agreement is not reached, you can turn to a mediator who will help the parties find a compromise solution. Mediation is a process of settling a dispute through negotiations led by a neutral third party. The mediator helps the parties find a mutually beneficial solution, offering possible options for resolving the conflict.
If an agreement or mediation cannot be reached, you can go to court. In this case, you will need to contact a lawyer or other lawyer who will help you file a claim and protect your rights in court. The court will consider the case and make a decision on the dispute between the parties.
Regarding the legal protection of your rights, it is recommended to contact a lawyer or other lawyer, who will help you prepare a claim and protect your interests in court.
In addition, you can study your rights and obligations as a debtor, as well as carefully familiarize yourself with the terms of the loan agreement before concluding it in order to avoid possible disputes in the future.
Good day.
Research your lender choices. Before signing any documents, do your research on the lender and make sure they have a good reputation. Pay attention to customer reviews and lender ratings online.
Read the terms of the loan. Before signing any documents, read the terms of the loan and clarify any unclear points. Feel free to ask questions and clarify if something is not clear.
Pay attention to the percentages. Make sure that the interest on the loan is not too high. High interest rates can make the loan insolvent and difficult to repay.
Save the documents. Keep all documents related to the loan, such as the loan agreement, invoices and receipts.
Pay the loan on time. Pay your loan on time to avoid penalties and overcharges. If you're having trouble paying, contact your lender to negotiate new payment terms.