Are you unable to pay your loan payments and the amount of debt is growing every day? There is no opportunity to live a normal human life and develop financially and morally? Then the best solution for you is to write off your debts without resorting to bankruptcy with the help of. Writing off debt, no matter what you want to write off: debt, credit or mortgage debt, will allow you to start a new life. Our team has worked out all the legal mechanisms that allow you to write off the debt quickly and at minimal cost.
Complete write-off of debt to a bank occurs rarely and only if:
- The deadline for filing a claim by the bank with the court has expired
- It is impossible to collect the debt for objective reasons (death, disability, etc.)
- bailiffs were unable to locate the borrower and the property that could be foreclosed on.
Writing off debts by statute of limitations
If the creditor does not go to court within 3 years, and this period is fixed by law,
then it is unlikely that the creditor will be able to repay the debt through the court. It is important to know from what date the calculation of this period begins. Any loan agreement has a specific execution period; accordingly, the statute of limitations begins upon expiration of the loan agreement. The sale of a debt by a bank to collectors does not affect the countdown of the limitation period, but this period may shift:
- when concluding agreements with the bank;
- upon partial payment of your debt;
- upon written acknowledgment of their debts.
Start the debt write-off process!
Even if the three-year period has expired , the bank can file a lawsuit, then the borrower can file a counter-petition to terminate the proceedings due to the expiration of the statute of limitations on the loan. In any case, the borrower should not hope that the bank will forget about him or deliberately avoid contacts with the financial institution. It is important to note that if the debt has been written off due to the statute of limitations, the bank notifies the Credit History Bureau, which blacklists the debtor. This will ruin the borrower’s credit history and exclude the possibility of obtaining loans and credits for a long time.
“Disturbance of the chakras”: “unique” diseases are treated at the Moscow medical center
Roszdravnadzor opened a case against the capital's Eliseeva Medical Center. How were people deceived by promising miraculous healing?
They diagnosed and treated diseases that doctors of official medicine had never even heard of, for example, chakra disorders, Roszdravnadzor assures. Muscovites began to complain about doctors at a private clinic. A specialist from the department made a test purchase - he also went to Eliseeva’s center and said that he felt bad.
“Based on the results of diagnostic measures, a diagnosis of “parasitic infestation” was made. Also, an employee of a private clinic, based on the results of diagnostic measures using special equipment, diagnosed a “disturbance in chakra 3 and chakra 5.” Immediately after the control purchase, a specialist from the territorial body contacted the state medical organization, where the diagnosis of “parasitic infestation” was not confirmed,” said Elena Balandina, assistant to the head of the territorial body of Roszdravnadzor for Moscow and the Moscow region.
Roszdravnadzor employees arrived at the site to conduct an inspection, seized the equipment, and later opened an administrative case.
The clinic where incorrect diagnoses are made is located in the west of Moscow. There is construction everywhere nearby. The center occupies several rooms in an office building.
Nobody closed the clinic. The center continues to operate. But all the offices are locked. As we were explained here, this is not related to the seized equipment. There are no patients. The record sheet is empty.
No doctors, no nurses. Only the administrator at the entrance is perplexed about the complaints.
We managed to contact the leaders of the center via Skype. The founder of the clinic assures that the center does not make diagnoses, they only conduct testing. All equipment is certified. He says that in the 25 years of the clinic’s existence, there have been complaints about treatment only once. According to the woman, this was precisely the reason for the close attention.
“We have finished treating the patient, she is satisfied. And my husband said: either return the money or treat me for free, otherwise write to all authorities. We said we don't owe anything. Six months later, a test purchase comes, they make noise and swear,” says the center’s founder, Olga Eliseeva.
Be that as it may, Roszdravnadzor is going to transfer the materials and seized equipment to law enforcement agencies to initiate a criminal case under the article “fraud.”
Writing off debts through the court
Having failed to come to an agreement with the borrower, the bank or other credit organization sues him. Is it possible to write off a loan debt through legal proceedings? If the debtor participates in legal proceedings, does not hide and provides objective evidence of his insolvency, the chances of reducing the debt are high. Often, the judge decides that the borrower must repay only the loan itself, and fines and penalties are written off. If the court recognizes the debt as bad, the bank refuses the claims. This procedure can also be useful for the bank, since the bank is freed from the need to hold the necessary reserves, freeing up its funds for income-generating assets.
The Chelyabinsk region repaid all commercial loans in full and ahead of schedule
The amount of national debt still seems very impressive, but it's all in the details. Budget and commercial loans are as different as, for example, borrowing from a friend until payday and borrowing from a microfinance organization at 700% per annum. Well, let’s say that banks’ interest rates, of course, are not as astronomical as in microfinance organizations, and when announcing tenders, the regional Ministry of Finance always expects proposals with the most favorable lending conditions and strives to conclude contracts at the lowest possible interest rates in the current economic conditions. And yet, despite all efforts, the region will have to pay about 10-13% for using a commercial loan. But the region receives budget loans from the federal treasury at a symbolic 0.1% per annum, that is, practically free.
We recommend reading: After the division of property
First Deputy Minister of Finance of the Chelyabinsk Region Anton Prygunov noted that since the beginning of the year, the region has paid banks almost 4.9 billion rubles ahead of schedule. “The repayment took place at the expense of our own funds in the amount of three billion rubles and funds from a budget loan,” he clarified. “The total savings in debt servicing costs in commercial banks as a result of early repayment of borrowings will amount to 675 million rubles.”
Write off debts through personal bankruptcy
A borrower's debts can be written off through bankruptcy proceedings. A citizen who owes official organizations (and this is confirmed by an agreement) more than 500 thousand rubles and has not paid the loan for more than three months can initiate bankruptcy proceedings. The bankruptcy process can be started either by the borrower himself, or by a credit institution, or even by the tax office.
There are many pitfalls in the bankruptcy procedure for an individual and its consequences, which a competent lawyer can help you understand. Without legal support, you can find yourself in various unpleasant situations.
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For individuals
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How often do we come across a similar situation when friends borrow a sum of money for , but do not pay it back on time. Such situations occur all the time. This could be your relatives, friends, or yourself. What to do in such a case, if all you have is a receipt or an oral agreement between two friends who trust each other?
There is always a way out - this is a collection agency, which employs exclusively professionals who know a lot about their business. We will help you repay your debt under any conditions and circumstances! We are not afraid even of overdue and bad debts of any size.
Our debt recovery consists of several stages:
- First, an individual contacts us with a request for help. At this stage, you must explain your situation clearly and in as much detail as possible and tell what the essence of the problem is. You may know the reasons why the debtor delays repaying the loan;
- we analyze the information received and begin to act according to our methods, which guarantee a 100% return of the amount owed;
- We contact the debtor and find out the reasons why he refuses to repay the loan. We always find a common language with dishonest people and return your money as soon as possible!
- At the last stage, we provide you with all the necessary information about the procedure we performed. This is a kind of report from which you will learn what caused the delay in paying off the debt. But most importantly, you will receive guarantees that your money will return to you again.
If you are looking for a debt collection company, then you should contact No Debt for several reasons:
- we have the most favorable rates . If other agencies offer you exorbitant amounts of payment, then we understand that you are already an injured party who does not want to overpay at this stage;
- we give one hundred percent guarantees . Many agencies unfoundedly promise you results, which, however, either keep you waiting or do not come at all. We guarantee all individuals that they will not contact us in vain;
- We have the shortest possible deadlines . We try to return your money as quickly as possible because we understand that you already had to wait a long time;
- We employ the best professionals . When they get down to business, you can be confident in the effectiveness of their work;
- We have high quality service. On the website you will find all the necessary information, and by contacting us, you will be advised on all your concerns, and will also be told in detail about when you will receive your money back;
- honesty. We are always honest with our clients. We don't take the money and disappear. We always finish what we start.
Our specialists begin work on collecting debts on the very first day of your application, but the most important thing is an affordable price.
ACCOUNTS PAYABLE AND ITS CONSEQUENCES
Financial problems take everyone by surprise. But if your monthly expenses include not only food and accommodation, but also loan or mortgage payments, a lack of funds can lead to very serious consequences:
- telephone threats;
- damage to property;
- constant monitoring of collectors;
- exerting psychological pressure;
- application to court by a creditor;
- increase in the amount of debt.
When faced with such a problem, immediately contact specialized lawyers who specialize in writing off debt on loans, mortgages, and accounts payable. It is worth paying attention to the specialization of your lawyer in order to avoid additional difficulties and aggravation of the situation.
If you need help, we will definitely provide it. Experienced lawyers and arbitration managers will make every effort to increase the terms and soften the terms of payments. And if there is no way to make payments, specialists will take care of completely writing off your debt.
Volzhskaya TGC borrowed more than 130 billion rubles
Yesterday, the level of net debt of Viktor Vekselberg’s Volzhskaya TGK became known for the first time - 130 billion rubles. or 5.2 EBITDA. Of these, 77 billion rubles. The company is obligated to repay this year and is negotiating refinancing. The debt load of TGKs looks critical at the industry-wide level, but with the commissioning of new power plants, the ability to cover it is improving.
Volzhskaya TGK (combines the generation and energy sales of IES-Holding, controlled by Viktor Vekselberg's Renova) for the first time disclosed the debt indicators of the entire energy holding. According to TGK's RAS reporting for 2014, the consolidated net debt is 130 billion rubles. It coincides with the level of bank debt, says the head of the company, Boris Vainzikher.
The EBITDA indicator, he specified, according to management reporting in 2014 increased by 25%, to 25 billion rubles. in connection with the active commissioning of CSA facilities (generation built under a mandatory program that receives increased payments) and the completion of construction projects. In 2015, the company expects EBITDA to be more than RUB 30 billion. TGC's debt/EBITDA ratio is 5.2 and “is within reasonable limits,” says Boris Vainzikher, who calls the debt “serviceable and foreseeable.” TGCs have no foreign currency debts or payments, there are no shares as collateral, only the capacity supply agreements (PDMs) themselves.
A debt/EBITDA ratio of 5.2 is acceptable given the volume of obligations to commission new units (3.1 GW), says Vadim Logofet, head of the energy sector client department at Sberbank CIB. He explains that the level of debt burden will not be the determining factor for decisions on financing new investment projects. The main criteria are the economic viability of the project (IRR, payback period, sources of loan repayment), notes Mr. Logofet.
But Mikhail Rasstrigin from VTB Capital considers the holding’s debt load to be too high. A ratio of more than three is considered high for energy companies, the industry average is just under two, and the maximum acceptable level is four and a half, he explains. State-owned companies manage to maintain a relatively low net debt/EBITDA ratio. The adjusted net debt of Inter RAO to adjusted EBITDA at the end of 2014 was 0.3, for Rosseti in the first half of 2014 - 1.9, for FSK - about 3. RAO ES of the East, which has an urgent need for debt refinancing - 4.24. There is a high workload among the CEOs of Mikhail Prokhorov and SGC Andrei Melnichenko, Kommersant’s sources in the industry say. But Quadra does not disclose the figure, noting that it meets the requirements of banks, and the total debt is about 30 billion rubles. The debt of SGK structures reaches 50 billion rubles, the company says. The difference between Volzhskaya TGC and other debt-ridden energy companies is that its debt will no longer grow: the main commissioning has been completed and the company will begin to receive payments, notes DB analyst Mr. Bulgakov.
The Volzhskaya TGC has passed the peak of investment; this year the most expensive projects remain to be completed - the Akademicheskaya Thermal Power Plant and the Nizhneturinskaya State District Power Plant. From 2020, the net debt/EBITDA ratio should begin to decline, Mr. Weinzicher assures. But the company is negotiating with Russian banks about partial debt refinancing and is counting on government subsidies for systemically important energy companies. Its main creditors are Gazprombank, Alfa Bank, Sberbank, VEB, AB Rossiya. In 2020, the company must repay 77 billion rubles on loans, and another 47 billion rubles. - after 2020. In 2014, TGC already borrowed 72.9 billion rubles, paying out 77.9 billion rubles. At the beginning of 2020, TGC raised RUB 5.9 billion. and can open credit lines for 49.8 billion rubles. in Sberbank, GPB, Alfa Bank and VEB. Payments in 2020 are at risk, believes Dmitry Bulgakov from Deutsche Bank, but much depends on the timing of payments: if this is the third or fourth quarter, loan rates will probably decrease; if in the first half of the year, then TGC may need shareholder assistance.
Anastasia Fomicheva
What happened next
Our son lived with us for a month. But I never found a job. Or rather, I didn’t even look for it or try. At first I didn’t understand what was happening, but then more and more often I began to notice empty bottles of alcoholic drinks at home. First beer, then wine, and in the last week - vodka. I asked him what happened, he didn’t answer. He says that a friend came in and drank it all.
But one day I caught him completely drunk. I realized that this could not continue, and began to talk to him calmly and judiciously. I asked him what happened. She said that she was ready to help, including financially. In general, he told me a sad story. He said that he owed banks and microfinance organizations about 3,000,000 rubles, that he needed to sell the car, but this would not be enough to pay off the debts. And for a living he sometimes borrowed from friends to whom he owed money. More than 200,000 rubles.
To say that I was shocked is to say nothing. I always thought that a child has his own money for everything. He admitted that he even took out a loan for a phone. I don’t know where he gets such extravagance from, because my father and I always taught him to save. But I didn’t scold him - I’m an adult. But she gave me money to repay for two months. I saved them for my trip to Turkey, but this is my family, and it is more important.
These two months passed, I thought that he would come to his senses and find a job. But he didn't even intend to do that. I couldn’t give him money all the time, because my salary didn’t allow me to do this (only 20,000 rubles, and his monthly payment was higher). The husband also could not help him, and did not want to. He believes that his son should achieve everything himself and solve his problems on his own.
How to pay off debts if there is no money?
Having taken out a loan, it seems easy to return the money. Naturally, borrowing money is much easier than giving it away. Money on credit is a whirlpool that gradually draws you in and can easily drown you. Once you find yourself in a pool, especially a debt one, it’s difficult to get out.
There are times when a person does not think at all about how to pay off debts if there is no money . But popular wisdom says: “Take it and remember it! It’s not a thing to borrow, it’s a thing to give,” which means that the lack of finance should not affect the fulfillment of obligations to creditors. Practical advice - Do not take out several loans at the same time unless you have a stable source of income.
Often, not everyone has the opportunity to quickly pay off debts. Sometimes, it seems that you will never be able to get out of the debt hole; credit bondage interferes with your life. The reason is current everyday circumstances. Let's try to figure out how to pay off debts if there is no money?
No money - there are loan debts, what to do?
Do not rush to give up or think about the worst in the event of financial troubles or the impossibility of repaying the loan. get out of debt if you have no money :
- Look for a part-time job. With the development of information technology, it is quite easy to find an opportunity to earn additional income (without interrupting your main activity) on the Internet.
- Try to agree on phased repayment of the loan. Giving money in installments, the so-called installment payment , will help you allocate money from your own budget for current needs and paying off debts. You can also agree with creditors on restructuring or consolidation, or go for restructuring.
- Credit holidays. The bank may exempt the borrower from paying monthly payments for a certain period (from 3 to 12 months).
- You have things at home that have not been used for a long time, sell what is not useful (does not fit). Sale advertisements can be easily added to thematic websites; a buyer will definitely be found.
There is nothing impossible in our life. Of course, it’s not possible to pay off a debt without money; finding money to pay it back is not that difficult. There are superstitions associated with debts, telling how to repay debts correctly so that money will flow or whether it is possible to repay a debt on Monday to a bank, a friend, etc.
