ARTICLES
Before the crisis, many people took out loans (eg consumer loans) and overloaded their credit cards. But when the crisis began, they found themselves in a difficult position.
Inability to repay a loan
In case of inability to repay your loan in Cyprus, what you can do depends on many different factors. That is, /p>
- the loan agreement with the bank,
- whether the loan is secured (real estate mortgage) or unsecured (no mortgage),
- if guarantors are affected,
- the reason the loan cannot be repaid.
In any case of inability to repay a loan, we offer legal support, especially if the bank has taken legal action against you.
Loan restructuring
A loan restructuring is not a simple process in Cyprus. Our lawyers know all the procedures needed for a loan restructuring and can achieve viable repayment terms.
Achieving favourable terms through loan restructuring
At DILINOS & ASSOCIATES LLC, we have faced many instances where individuals and companies were unable to repay their loans and because of the exorbitant charges of banks. We have settled many banking law cases and have achieved favourable loan repayment terms.
Our lawyers can provide solutions that are sustainable and in line with your financial capabilities for loan repayment issues.
Every client is treated with respect, confidentiality and professionalism.