The new law has already started four procedures of debt restructuring

Since the start of the work of the Secretariat established in accordance with the law "On financial restructuring", considering four cases. We see a great interest of banks and business in the procedures of financial restructuring. However, as is the case with any new phenomenon, has arisen a lot of myths and subjective interpretations.

The law "On financial restructuring" gives lenders and borrowers the opportunity to restructure their loan agreement using voluntary extra-judicial procedures. But few people understand the overall ideology of the law and the meaning that was laid into it by the developers.

From the beginning of April 2017, two Ukrainian company restructured its obligations to creditors. And more number of borrowers is now in the process of voluntary financial restructuring.

We chose the 5 most common questions about the opportunities offered by the current law. They replied the head of the Secretariat, which oversees the system of financial restructuring, Yuliia Kostetskaya.

Today, in connection with the receipt of notice of approval of PJSC JSCB "INDUSTRIALBANK" the restructuring plan of the debtor, LLC "Bestment-service", successfully completed the procedure of financial restructuring in this case.

At this time, this is the second successfully completed the restructuring process carried out according to the law of Ukraine "On financial restructuring".