Write-off of debts on bank loans. Can a bank write off a loan?
The State Duma approved some tax incentives and write-off of debts on financial debts. And who can write off and forgive debts on loans in 2018?
How to write off debts on loans in 2018:
several ways to legally get rid of
from loan debt
IN last month the outgoing 2017, the population of Russia was informed that the State Duma approved some tax incentives and the cancellation of debts on financial debts. And who can write off and forgive debts on loans in 2018?
How to get rid of loan debt?
When repaying a loan to a bank, borrowers worry about interest rates, which, over time, greatly increase the primary debt. But there is almost always legal right not pay or minimize additional costs caused by accrued interest.
Efficient repayment method credit debt- this new loan, implying low rate both standard and penalty interest. This means that the borrower takes out a new loan to cover the debt with this money. Often people take loans from microfinance organizations. The sooner you get rid of the debt on the loan, the less the amount of interest will be, but it is worth mentioning the aspect of penalties. The amount of the penalty is individual in nature, but there is a chance to reduce it through litigation if the amount of fines charged is recognized as disproportionate to the debt and the recorded violation.
Credit amnesty in 2018
On January 1, 2018, a bill comes into force, the development of which was carried out by State Duma deputies from the Communist Party of the Russian Federation Sergey Obukhov and Valery Rashkin since 2015. Credit amnesty is aimed at facilitating cooperation between the lender and bona fide borrowers by introducing additional conditions and reviewing the current lending system.
For whom is it introducedcredit amnesty
Credit amnesty help quickly get rid of loans , but the word "amnesty" does not mean that everyone, including persistent non-payers, will be released, but loans written off . The bill is aimed at conscientious borrowers who, for whatever reason, are unable to repay their loans. The document implies a revision of the loan repayment system, as well as limiting interest rates and lowering the priority of penalty contributions.
The mechanism of action of the credit amnesty
The modern annuity system for repaying a loan to a bank will be revised after the entry into force of the law on credit amnesty .
When the borrower makes a contribution to repay the debt, the distribution of funds is as follows:
- priority is given to writing off fines;
- in second place are interest;
- lastly, the money goes to cover the principal debt.
A new vision of the loan payment system can be seen as a way to get rid of the loan which means support for citizens who regularly make loan contributions, but for certain reasons are unable to act according to the payment schedule.
For such borrowers, the bank will be obliged to provide preferential terms for repaying the loan:
- lowering the interest rate;
- limiting the amount of the monthly contribution;
- priority of the principal debt when depositing minimum funds to a loan account;
- cancellation of accrued fines, interest and penalties; clearing credit history.
How to get rid of loan debt until 2018?
Theory is theory, but an important question remains. So how is it legal get rid of loans until 2018?
Let's say that this question arose for you recently, and the amount of debt did not reach the size when the collection agency would take over the case or search for a solution in judicial order. What to do then and as a borrower get rid of the loan legally ?
There are several options for the development of events:
Loan restructuring
The borrower can submit a written application to the bank's management with a request for restructuring or deferment of the loan payment. You will need to attach documents to the application that record financial difficulties - loss of a job, etc. The deferment itself in fact lies in the fact that temporarily the borrower will pay only interest, gradually reducing the total debt, as well as subsequent monthly installments.
Restructuring increases credit period, which commensurately reduces the amount paid each month.
Sale of mortgaged property
Another way get rid of from overdue loan - Sale of collateral. This is a radical way to repay a loan as soon as possible, but one of the most effective, since the role of collateral is often played by real estate or a car, even the dumping value of which will satisfy creditors. The property is appraised and put up for sale. When a buyer is determined, a transaction for the sale of collateral is executed, and the funds are used to cover the loan.
Credit holidays
Credit holidays are a paid option provided by banks both during restructuring and as additional service. The essence of this method is the deferred loan payment, which is issued once during the year. The cost of a credit holiday is equivalent to 15% of the monthly payment with a minimum of 2,000 rubles. The loan term at the same time increases by the duration of the delay; the amount of overpayment also increases.
Attracting guarantors
Financial support of guarantors can be a way out in case of unexpected financial difficulties borrower. The Bank has the right to apply to the guarantor for partial or full repayment of credit debt if the debtor is not able to repay the loan on his own.
The clauses of the guarantee agreement imply joint and several liability, which guarantees the guarantor the right to mortgaged property in an amount equivalent to the covered part of the debt. Alternatively, the guarantor may demand monetary damages from the borrower.
Article 367 civil code RF, the guarantee may terminate in the event of:
- Changes in lending conditions that tighten the obligations of the guarantor without the written consent of the latter.
- Change of the borrower without the consent of the guarantor.
- Refusal of the creditor to accept the performance of obligations.
- Expiration of the guarantee period.
Bankruptcy of individuals
Bankruptcy of a physical face comes at confirmation arbitration court the borrower's inability to comply with any financial obligations. Any citizen whose total debt amounted to more than 500 thousand rubles with a delay of the last payment of 3 months has the right to start the recognition procedure.
If the borrower is declared bankrupt, he loses the right to:
- to carry out purchase and sale transactions of property and use it as collateral;
- issue guarantees;
- leave the borders of the state (optional);
- independently manage funds in bank accounts.
How to get rid of credit debt through the court
If it is not possible to collect the loan debt with the help of a collection organization, the bank will be forced to go to court to resolve the problem. You should not be afraid of the court, since there are often situations when additionally accrued interest, fines, etc. decrease as a result of the trial. As a result, the borrower has the right to pay the net amount of the loan.
Bankruptcy of individuals and its consequences
The financial insolvency of the borrower is achieved by artificially reducing income and selling or transferring property, but this method can be considered legal only formally. The bottom line is to rewrite the property to relatives, friends, etc., making it the property of third parties.
Next, the borrower needs to quit his official job and close all bank accounts. For bankruptcy proceedings, there is no need to transfer the last apartment. If minors are registered in the borrower's house, or if it is the only housing, bailiffs do not have the right to describe it to pay off the debt. In general, the procedure for processing all documents can take a lot of time, but this will keep finances and property intact.
In what cases can a bank write off debts in full??
The probability of writing off a loan from a borrower is relatively high due to:
- impossibility of collection;
- loss or death of the borrower.
Unpaid loans spoil the accounts, because bankers often forgive such debts so that they do not hang on the balance sheet like a dead weight. In addition, the bank may write off a loan , if the debt is small, and its return will bring more losses than profits.
Although there are few cases of complete write-offs, they are always the exception rather than the rule.
The statute of limitations for recovering debt on a loan
A situation is possible when attempts to collect a debt are delayed so much that the bank goes to court already 3-4 years after the borrower made the last installment on the loan. In this situation, the defendant may declare the expiration of the limitation period, and there is a high probability that the court will be won, and the creditor will be forced to write off the debt. But you need to be aware that employees of the bank, collection organizations will have time to ruin the life of the borrower before the write-off occurs.
Video about credit amnesty
Using loan funds we may not always be able to make regular monthly payments. For the formation of an insignificant debt, sometimes it is enough to be late with a payment for 1 day or inattentively study the terms of use grace period. According to statistics, two-thirds of currently open Russian banks loan agreements are indebted. In what situations is it possible to write off a debt on a loan, what is needed for this and what are the consequences of choosing one or another method of behavior in the formation of debt to the bank?
Full debt relief
A complete write-off of debt on a loan to a bank without paying the principal amount of the debt is a situation that is almost impossible. This can happen only in two cases - the statute of limitations has expired or the bank has recognized that it is impossible to receive a debt from a client, since the client cannot return it due to the lack of valuable property.
Often, the bank sues the persistent non-payers. Most often (in 90% of cases), the court rules in favor of the bank and obliges the borrower to pay, if not the entire debt (including fines and penalties accrued for non-payment), then at least the amount credit debt without penalty fees. The decision of the court is performance list, who is sent to the bailiff service and they look for the debtor and withdraw money or property from him in payment of the debt. In cases where the borrower cannot be found for a long time or is found, but he does not have any valuable property, the FSSP informs the bank about this. In this situation, the bank most often completely writes off the debt on the loan and cancels loan agreement, since a large number of loans with a long delay in payments spoils financial indicators and bank ratings.
By by and large, issuing a loan to such a borrower means a mistake by bank employees who must check the client's solvency before issuing a loan. Therefore, the full write-off of debt in this case is justified.
Some clients, having received a loan from a bank, do not pay on it and diligently avoid contact with bank employees or collection agency. The bank, for its part, can take any legal steps to return the debt, but if it was not possible to find the debtor within 3 years, then the limitation period is considered to have expired and the loan debt is completely written off and the loan agreement is closed. In fact, this is one of the most radical ways to avoid loan repayments, since its consequences are very deplorable for the borrower. The bank reports the expiration of the limitation period to the client filed with the Credit History Bureau and the borrower's credit history deteriorates completely, he falls into the list of persistent non-payers and over the next 15 years legally get a loan in any bank cooperating with the BKI (and now it is 99% banks) cannot.
Thus, you see that a complete write-off of a loan can only occur in extreme cases, when the bank has no other choice. In all other situations, the bank will by any means try to return borrowed funds and make loan payments. Therefore, for those clients who have approached or have already fallen into a debt hole, it makes sense to independently take the initiative and contact the bank to change the terms of payments to acceptable ones for the borrower.
Restructuring or refinancing of debt on a loan
If you have changed financial situation and you cannot repay the loan, it is not at all necessary to bring the case to court in the hope of a partial write-off of the debt. You can use less radical methods - restructuring or refinancing a loan.
Loan restructuring means a change in the terms of payments on the loan due to objectively changed circumstances of the client. For example, the borrower entered into a loan agreement, regularly paid on it, but then he was fired or he was injured and, naturally, it became difficult or even impossible to pay on the loan. Most likely, in such a situation, a debt is formed, on which fines will be charged if the client does not repay it on time. But the bank can write off the debt on the loan if the borrower contacts the bank on time (without delaying for several months), reports the reason for non-payment and draws up an application with a request to revise the terms of the loan payments. Most banks have standard loan restructuring programs that provide the borrower with a 1-3 month deferral of payments or a reduction in the amount of the monthly payment due to an increase in the loan term. Most often, if a bank client is able to confirm serious financial difficulties, which caused the formation of debt, the bank will write off the debt on the loan.
The main advantage of a timely restructuring is not only the ability to partially write off the debt on the loan, but also not to spoil your own credit history - after all, the terms of the loan payments are revised with the participation of the bank, so it will no longer report to the CBI.
Not all banks meet their customers halfway and restructure debt, even if there are objective reasons for this. But here, too, the borrower should not despair - you can always contact third party bank offering services refinancing existing loans. The essence of refinancing is that you get a new loan from a third-party bank in order to pay off an already taken loan. They help you draw up a new loan agreement and transfer funds to write off the debt on the loan, after which you have new, most often more convenient, payment conditions.
Refinancing is especially convenient for those borrowers who have several loans in different banks and are forced to pay service fees and interest separately in each of them.
Partial write-off of loan debt
The court can also partially write off the loan debt, of course, provided that the borrower makes contact with the bank, participates in court hearings and does not avoid liability. When a debt is formed, banks are in no hurry to immediately sue, as it is not profitable for them. As a result, a situation often arises in which the borrower does not know at all about the need for additional payments. Sometimes banks refuse to change the terms of loan payments to clients with objectively changed financial circumstances, even if this fact is confirmed by the borrower. If the bank takes the case to court, then the borrower can always try to get the loan debt written off, especially when there are such extenuating circumstances. The judge, in most cases, takes into account the active position of the debtor and obliges him to return to the bank only the principal amount of the debt, and write off the amount of accrued fines and penalties.
Thus, the complete write-off of debt on a loan, of course, happens, but it involves the borrower's failure to fulfill its loan obligations, a long period of clarification of the situation with the bank and litigation, interaction with collectors or bailiffs. You can partially get rid of the accrued penalties and fines by contacting the bank with a request to restructure the loan, especially since this option will not spoil your credit history and you will be able to apply to banks again for new loans in the future.
Many citizens, after registration, make delays and even completely forget about the existence of their debt obligations. Banks are trying to influence such debtors on their own, attract collectors and go to court. Most of the overdue loans are eventually collected, but if he understands that this is a bad debt, then sooner or later he writes it off.
What debt is considered bad debt
Bad debt This is an overdue loan that is unlikely to be recovered. The bank on the balance sheet does not need such delays either, so after a while it loses hope for a return and writes off the problem loan from the balance sheet.
Uncollectible debts are recognized in the following cases:
- ➦ the debtor is gone, and even the bailiff cannot find him;
- ➦ the debtor has not disappeared, but he has neither property nor income to pay off the debt.
In practice, banks regularly write off bad debts, but this is not covered in the media. Every year, billions of rubles worth of loans are written off the banks' balance sheets. Credit organizations have made every effort to collect the debt, and can no longer spend their own resources to deal with these delays.
Before writing off the debt, the bank sells it to collectors. Thousands of loans go as part of the cession literally for a penny, bad debts can be sold for 1-2% of the face value. But more often than not, even collectors cannot influence such a debtor and also write off the debt. Sometimes collectors refuse to buy packages of bad debts at all.
When bad loans are written off
In practice, before the debt is written off, it will take at least a year, and more often 2 or 3. To begin with, the borrower will go through a standard collection procedure, which consists of the following steps:
- The bank tries to influence the debtor on its own: it calls him, tries to return him to the payment schedule. As a rule, this stage lasts three months, after which the debt is transferred for collection to collectors.
- Collectors seriously put pressure on the debtor, call him, may use illegal methods. Now, according to the law, the debtor can generally refuse to communicate with collectors by writing an appropriate application if no more than 4 months have passed since the delay. This stage can last about six months, sometimes more.
- The next step for the bank is to file an application with the court. The court takes the side of the plaintiff and makes a decision, indicating the amount to be returned. This amount often ends up being less than what the bank required.
- Further, bailiffs are involved in the collection process, the bank and collectors disappear from the debtor's field of vision. If the bailiff cannot collect the debt, he sends the appropriate document to the bank. But the bank can again send the case to the bailiffs. But if nothing changes, sooner or later the debt is recognized as bad, even if this debt is sold to collectors.
When the debt is not recognized as bad
In order for the debt to be declared uncollectible, the borrower must generally disappear for the bank. If the debtor succumbs to the persuasion of the bank or collectors and deposits even small amounts The recovery process can take forever.
Unfortunately, the gradual repayment of an overdue loan often leads borrowers into a debt hole, especially if payments are made in small payments. The debt is settled daily, since penalties are charged on it: having deposited 5,000 rubles into the account today, in a few days the debt may again increase by this amount.
If the bank understands that the debtor does not succumb to pressure, he goes to court, after which the bailiffs start the case, who act by other methods, namely:
- ➦ deduct 50% from the debtor's salary;
- ➦ seize accounts and all the money on them;
- ➦ seize property.
A bad debt on a loan will only be written off if the bailiff cannot do anything about the debtor, namely:
- ➦ the citizen does not have an official place of work;
- ➦ he does not have bank accounts with funds coming to them;
- ➦ he does not have property that can be seized, or the location of the debtor cannot be established.
In practice, debtors have long adapted to the collection process and are doing everything so that the bailiff cannot take anything from them. They work unofficially, open accounts in the names of other citizens, do not live by registration, or simply do not open doors to bailiffs.
If all attempts by the bailiff to influence the debtor are in vain, he closes the case and sends a notice to the creditor about this. The bank can re-initiate the case, sell the debt, but if nothing changes, the debt is written off.
How to find out about debt forgiveness
Information about this can be found on the website of the bailiffs. Base is published in a free case enforcement proceedings. The debtor, having entered his region, full name and date of birth, will see all the proceedings initiated against him.
If there is a debt, its size is reflected in the list of cases. If the debt is written, opposite it is indicated the article on the basis of which the case was dismissed.
In practice, the amount of bad debts is enormous. After the crisis, many citizens found themselves in a difficult situation, so banks regularly clean up their loan portfolio from such debts that cannot be repaid.
IN Lately borrowers are increasingly interested in the question - after what period of time the debt on the loan is written off. Let's see if there is such an opportunity today.
What is a statute of limitations?
The statute of limitations is the period during which the creditor can call the debtor to repay the loan or collect it in court. If after this time the bank decides to sue you, then the second one will be on your side. Additional information on this subject is presented in this article.
One way to write off debt on a loan is the statute of limitations for loan obligations, which is 3 years. This means that if more than 36 months have passed since the last payment or contact with bank representatives, then the debt will be canceled due to the fact that the limitation period has expired.
How to take advantage of this opportunity? For three years, you will have to avoid contact with the bank, ignore any attempts to talk to you, do not visit financial institution, do not respond to letters with claims, otherwise the statute of limitations will be shifted.
After 3 years, the borrower can independently submit statement of claim to court. Write-off will be made in the case of an officially accepted debtor.
Important: Once again, we will clarify that after 36 months the debt does not disappear anywhere, the creditor does not forgive him and does not delete data from the CI! The passage of this period only means that the creditor will not be able to demand repayment of the debt from you through the court! And if you want to exercise your right and no longer have any contact with the former creditor, you must go to court with a statement.
Will the court write off debts?
However, this situation rarely happens. Usually, banks do not delay and promptly file a lawsuit against an unscrupulous payer or transfer an overdue loan to a collection company.
Therefore, do not plan that you will be able to wait for the debt to be written off, the creditor will try to return his funds by any means. Read more about how collectors act in case of buying a debt from a bank, and about the procedure for your actions, read.
The court may oblige not only to pay the amount of the credit debt itself, but also the entire debt in its entirety (taking into account the accrued fines and penalties). If there was a write-off of the debt by the statute of limitations, then for the borrower the consequences will not be the best.
The fact of the expiration of the limitation period will be transferred to the Credit Bureau, and this will completely ruin the client's financial record. Over the next 15 years, he will not be able to use the services of any bank. Follow this link to find out if there are financial institutions that do not work with BKI.
If you have some difficulties that prevent the problem-free repayment of the loan, then certain measures must be taken. In case of delay up to 30 days, you don’t have to worry too much about the state of the credit file.
Many banks forgive such minor violations and issue new loans. You will find the most attractive offers in this article.
How is the statute of limitations calculated?
Unpaid debt, the limitation period for which is more than three years, is considered written off, and the creditor cannot demand its return. However, there are some features of the calculation of this period:
- If about 2-3 months have passed since the last payment, then it is from this moment that the countdown will start, that is, from the date of the last actions on the loan.
- If within 3 months there were no payments, then the countdown will begin immediately after the client is verified by the bank.
- If the borrower enters into negotiations with the bank, signs documents, deposits any money, then the statute of limitations is renewed again. The lender starts from the moment of the last contact with the client. That is, if you do not want to pay the bank, you will have to refuse any actions under the contract and contact with the lender.
- The statute of limitations does not depend on the period for which the loan was issued.
There are several ways to proceed if you can no longer pay the debt.
- Get in touch with a financial institution and get a "credit holiday" (deferral of payment of the principal debt for 6-12 months). About what they are credit holidays read the following link.
- Apply for a loan restructuring, that is, changing the terms of payments due to serious documented circumstances. For example, the bank may extend the term, thereby reducing the amount of the monthly payment. Learn more about the opportunities that restructuring opens up here.
- Use the refinancing service, that is, get a new loan for more favorable conditions, which will allow you to pay off the previous one. Information about refinancing is presented in this review.
- Sell your collateral through the bank. This will help you solve your financial problems. However, the sale will not be beneficial for you, since the creditor is only interested in the amount that will be enough to pay off the debt. For information on how to sell your property to a bank, read this article.
If the debtor makes contact with the bank, participates in court hearings, does not try to avoid liability, then the court may partially write off the loan debt, especially if there are certain extenuating circumstances. Report your problems to the lender in a timely manner so that later you are not interested in the question of how long the bank can write off the loan debt.
What are the debt relief options?
The number of outstanding loans is increasing every year in Russia. Lenders use a variety of methods to collect debt.
In addition to the statute of limitations, there are other cases when a bank writes off a debt:
- Write-off of part of the debt by agreement between the creditor and the client. Sometimes it is possible to write off up to 75% of the debt without recourse to the judicial authorities.
- Cancellation of fines and sanctions when their amount exceeds half of the amount owed.
- Writing off a debt from a guarantor or co-borrower.
If the bank requires money after the expiration of the statute of limitations
In this case, the creditor is acting illegally. You can seek the advice of an attorney or go to court with a motion stating when the statute of limitations has ended. Such a debt cannot be collected.
Banks monitor the payments of each of the clients, and therefore it is not worth hoping that no one will touch you for three years. The borrower will have to go through subpoenas, calls not only to him, but also to relatives, notification letters at the place of work, personal visits of the bailiff or collectors.
Can loan debts be written off? Banks, MFIs (MKK or MFC), bailiffs, debt collectors never write off debts on loans *. By concluding a loan agreement (loan agreement), you agree to the return of the amount taken on credit, as well as the payment of accrued interest. And if you do not fulfill your obligations, you agree to pay more fines and penalties. Persuading the lender to forgive the loan if you are no longer able to pay it will not help here ...
But, in accordance with the rules current legislation RF (some of which came into force relatively recently), you have the opportunity to legally write off debts on loans, or at least part of them, and a significant one at that.
Debts on loans - what to do and what to pay attention to
Write off debts on loans in 2019 is real! What to do and where to go.
Debt to MFIs (MCC, MFC)
The debt of an MFI cannot exceed the loan amount by more than 3.5 times, but for loans issued before January 28, 2019 - by 4 times. Thus, if you made payments and they exceed the loan amount by 3.5, 4 or more times, then you not only have the right to write off the debt, but also to return the overpaid interest.
Also, from January 28, 2019, the amount of all accruals on loans up to 10 thousand rubles for a period of up to 15 days cannot be more than a third of the amount of the loan itself + 0.1% fine per day. Therefore, 3 thousand rubles with a loan of 10 thousand is the maximum that an MFI can require from you + 0.1% for each day of delay (10 rubles per day).
In other cases, Art. 179 of the Civil Code of the Russian Federation, according to which a loan agreement can be recognized as enslaving, which gives you the opportunity to significantly reduce the debt or even get rid of it with the return of interest paid.
You can solve the problem with the debts of MFIs in legally indicated ways only in court, because. the creditor will most likely ignore the pre-trial claim. You can file a statement of claim (or pre-trial claim) yourself or entrust it to a lawyer who specializes in such cases. A lawyer will significantly increase your chances of writing off MFI debt, and his services can be paid from the funds won.
Bank debt
Debt on a loan to a bank - the situation is more complicated. If you do not pay the loan for more than two months, your debt may already be transferred bailiffs for enforcement, this does not even require a court decision (the procedure entered into force on November 21, 2016).
If the bank violates the terms of the agreement, you can cancel interest on the loan. The most common violations include unilateral interest rate increases.
If your debt exceeds 500 thousand rubles and you are overdue for more than three months, you can file for bankruptcy individual. The bankruptcy procedure is paid - a fee of 300 rubles and a fee of 10,000 rubles to the arbitration manager, but you can get a deferral for it.
Debt to a bank and / or MFI (general solutions)
If you have been making payments on a loan or microloan for a long time, and the debt is not decreasing, you should pay attention to total amount made payments. It is possible that the amount of interest paid already exceeds the size of the "body" of the loan or loan, in this case You can write off your debt on the basis of Art. 179 of the Civil Code of the Russian Federation. If the "body" of the loan or loan is not repaid, then you can reduce interest rate to the refinancing rate of the Central Bank (7.75% per annum in 2019).
If a bank or an MFI has charged a penalty on a loan, Article 333 of the Civil Code of the Russian Federation allows the borrower to cancel it in court. The amount of the penalty cannot be more than the "body" of the loan.
Often, when selling debt to collectors, banks or MFIs illegally impose fines on the loan (therefore, collectors require an amount to be returned that is much larger than the real one). You can get rid of fines on loans in court by filing a lawsuit against collectors. It will also not be superfluous to file a complaint against the bank with the FAS and the Central Bank in order to hold it accountable.
The borrower has the right to restructure the debt (Article 451 of the Civil Code of the Russian Federation). If the lender "in no way" wants to reduce you monthly payment and threaten to sue, file a lawsuit first! You have the right to repay the loan with the amounts you can afford or receive an installment plan. In addition, a violation by the lender of this paragraph may be the reason for the cancellation of the loan.
Statement of claim against a bank, MFI, collectors, etc. filed in the Supreme Court. The term for its consideration is 5 working days.
Who can help pay off a loan or write off a debt
If you are a mortgage lender, you can try to get a mortgage restructuring under state program help mortgage borrowers. However, the program is more focused on foreign currency mortgages and carries some risks for the bank, so the bank may (and has the right) to refuse to restructure you under this program.
It is definitely worth noting the work of anti-collectors, who are engaged in writing off debts or reducing interest, as well as protecting the debtor from collectors. Anti-collector lawyers know legal ways how to reduce interest on loans and borrowings, write off your debts and also get rid of collectors, if the debt has already been transferred to them, by deleting your data from their database.
In most cases, the solution of problems with debts on loans is successful. If you are unable to cope with them on your own, we advise you to seek advice from a loan officer - it's free. Unrecoverable situations are extremely rare.