Customers experiencing financial difficulties in bank loans may request restructuring.
Types of Restructuring
- Maturity extension
- Interest reduction
- Interest deletion (temporary)
- Principal deferral
BRSA Regulations
- Regular update
- Special in extraordinary situations such as epidemics precautions
- Flexibility to banks
Process
- Written request to the bank
- Financial situation analysis
- Restructuring agreement
- Signature
- New payment plan
If rejected
- BRSA complaint
- Legal process
- Execution postponement request
Supreme Court 19th HD and 13th HD
The chambers accept that banks should evaluate the restructuring request with "reasonable justification".
Debts/finance lawyer is recommended.