Rights And Obligations Of Creditors And Debtors

What to consider when a foreclosure has got more and more people in Germany into a debt trap. Not infrequently, is then the bailiff at the door and pfandet the last items of value. In the worst case, it’s even to the used housing. The real estate portal myimmo.de has compiled all the important information on the subject of enforcement. Both the creditor and the debtor enforcement is often the last resort.

The debtor has not met the demands of his creditor and try this now to get his money. This is done mostly through seizure and forced sale of valuables, real estate, or the residence of the debtor himself. Dr. Peter M. Wayne is likely to agree. Completely unprotected, the debtor is delivered not his creditors however. The creditor must be indeed an executory title. Notarial documents or enforcement notices of an order for payment procedure can be. These must be provided also with an enforcement clause. It comes then to the enforcement is There are still regulations for the protection of the debtor. So may be seized for example, only a certain percentage of wages or Government services.

In addition, also considered whether other family members must be co-financed by this income. It often happens that nothing more from the income of the debtor may be seized under such circumstances anyway. He has also no valuables, which can be more profitable to sell, the creditor is looking up. It applies to a creditor therefore always to check whether is worth the huge legal costs at all. More information: news.myimmo.de/zwangsvollstreckung/… University Service GmbH Lisa Neumann




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