Articles
Bankruptcy as a Remedy against Debt Recovery
Debt recovery became issue №.1 in Ukraine for the past year. In particular, it is of special concern for Ukrainian banks. Due to non-repayment of loans the banks have to apply to courts and start lawsuits to ensure the return of their funds and recover debts from pledged property. However, even when a court grants a decision in favor of a bank, there is no any guarantee that the said decision will be executed.
