Professional Code
In practice it is often faced with the question: ” and if I can not pay the loan, what I get for this?” But in order to correctly and fully answer this question – you need to know the following points: 1. Target credit or not. 2. Amount credit and outstanding balance. 3. Whether the property is mortgaged to the bank. 4. Is there anyway to any property from the borrower. 5. Whether there is sureties. And only after you get the answers to the questions above – you can already give professional advice has addressed to you man. But there are also common to all “happy” owners of credit conditions and the consequences – the existence of a debt and is not responsible for its return. What are the consequences of not paying the loan?
The first duty of the debtor to remind employees of the bank through telephone calls. In this way, the debtor’s worried about a month. Further, such a citizen may be deported notice of the need to repay the loan, which give a deadline for repayment of about 10 – 15 days. If this action had no effect, the bank goes to court to terminate the loan agreement and recover debt, interest and penalties. Court on the basis of documents submitted by the bank makes a decision. This procedure will take at least another 2 – 3 months. If a citizen would not appeal the decision of the court, after 10 days it enters into force. And from then on bailiff will execute the decision of the court. Them to this law assigns 2 months. (Adding all these terms, we obtain a period of six months – during which you can manage to fix your finances situation and avoid further unpleasant consequences). Bailiffs can seize your assets: bank accounts in the bank, consumer electronics, luxury goods, a car. Everything will depend on the amount owed to Bank. It’s worth noting that the arrested property will likely appreciate much cheaper than its real value! (The usual practice for the Russian executive production). Subsequently, the property will be arrested sold and the proceeds will send bailiffs to the bank. What else could be expected of a citizen of the debtor.
Perhaps the inspector will make a ban on travel outside the country. Thus you will not be able not only to go on holiday abroad, but and not be able to visit your relatives, living in neighboring countries. If a citizen of the debtor no assets to repay the loan, and this citizen will not take any action on its maturity, the bank will send statement to law enforcement authorities for professional proceedings against the debtor. A professional case can sue on 2 articles of the Professional Code: 159 (cheating) and 177 (malicious evasion of repayment debt – if the amount exceeds 250 000 rubles). To avoid the professional liability can advise to pay debt on the loan even in small amounts. Thus, the actions of the debtor would be absent intent, and it is more difficult to prosecute. In the end, I would like to note that if you decide to take out a bank loan – weigh again all the pros and cons. If it is possible – consult with lawyer. Perhaps it will save from hasty action, and in the future – keep your existing property from seizure and sale. Good luck!
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