From March 8 debtors will not be released abroad

The new law "On Enforcement Proceedings, adopted in the interests of creditors, allows you to immediately seize the debtor's property, and limits his due process rights. From March 8 Ukrainians, overdue loan payments, will be evicted from the apartment, and forbid them to travel abroad. That day will come into force a new version of the law "On Enforcement Proceedings". The Act significantly expands the rights of executive services to debtors of banks. In particular, the new edition provides immediately arrest the debtor's property, that is if you fall into arrears on your mortgage, you will select the first apartment, and then will be dealt with, writes newspaper in Kiev. " As explained by the Adviser to the President of the Association of Ukrainian Banks Alex Kusch, a law was passed to protect the rights of creditors. Indeed, the share of problem loans in Ukraine makes 30-40%. Many borrowers have become hostages of an unexpected jump in the dollar from 5.05 USD to UAH 8 autumn 2008, with revenues after the crisis have fallen significantly. "The rules of this law will act more from a psychological point of view. The public must come to understand: before you take out a loan, you must think you potyanesh it, and we can sue for several years - as in one or the other Side ... In Europe, if a person takes a loan, she has no idea how to do so to avoid his return, and in Ukraine you can read in any newspaper advertisement, such as give advice, it does not repay the loan "- said deputy chairman of the parliamentary committees Stanislav Arzhevitin. The most important thing in the law of the executive office in Ukraine - Executive Service had access to all electronic databases relating to property of citizens: they can make free use of this TIB, land cadastre, MREO, to identify the debtor's property, to impose on him arrested and sold at a court decision. - To arrest a citizen can and for attempting to influence the activities of the Executive (for example, to threaten him). - Resistance gosispolnitelyam equated to resistance to law enforcement. Debtors may be arrested, fined, restrict their freedom or imprisoned for several months to several years. - If a citizen has the duty and the creditor went to court, it will not be released abroad, even on vacation. - The law limits the procedural rights of the debtor to appeal the executive procedures: if a court ruling against him in force, it can not be appealed. - Public auction for sale of the property will henceforth apply only to personal property and housing and plots will be implemented through the Commission and not publicly. That is how profitable it will sell property under arrest, will depend only on the commission.