Flats for debts are not taken away: the banks have lost in court

The Supreme Court of Ukraine banned the special bankers to take away the property of debtors, which is not a guarantee of the loan.

The bank can not take property that is not a guarantee / shutterstock.com

Now the bank can not take the apartment for debt repayment on the loan if the guarantee is only the vehicle.

This is reported in the Proceedings of the Ukraine.

As the newspaper notes, is a similar rate in the current Civil Code, but the bankers with the judges violated her. For example, if the amount of the sale did not cover the mortgage debt, the banks took away other property.

According to lawyers, the court made the right decision, and ask him to fix on the legislative level. But the bankers have a different opinion. They believe that the court did not put the point, and the dots. As spoken by the banks, they will still require the defaulter to the full amount of the debt, and the recovery procedure will be complicated and long.

An independent legal consultant Andrew Osadchy believes that a long trial will be on hand for those who remained on the loan to pay a small fee. Also benefit those who had written in their own property which does not act by the pledge.

Earlier, the Supreme Court of Ukraine dedicated to problem borrowers allowed to travel abroad.

However, forbidding bankers to restrict the movement of clients, the court is still left a loophole that could theoretically make the borrowers Travel Abroad.