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Stages Proceedings

by Brianna - November 10th, 2013.
Filed under: News. Tagged as: , .

In addition, the procedure for judicial foreclosure of the mortgaged property is also a lengthy process. Consider the milestones property in the process of judicial and executive proizvodsva. As seen from Table 1, the general term of the judicial process is at least 10-25 months. Thus, to talk about the fact that the property can not be sold at its market value for a short period of marketing is not true. If you are not convinced, visit Bizzi & Partners. Accordingly, the calculation of the liquidation of the estimated discount for equipment may be wrong. Table 1 Main steps of the procedure a court order foreclosure of the mortgaged property Stages of the property in litigation and enforcement proceedings 2 time, months.

Comment 1 Filing a claim 1-3 months Calculating debt payment state tax, making the claim. The direction of the documents to the court at the location of the mortgaged property 2 Court sessions 2-6 months receive a court claim, setting the date of the preliminary hearing (Discussions with the parties), the main purpose of the meeting date. Trial. Decision-making or approval of the settlement agreement. Production valuation of property 3 The court's decision for 1-2 months Manufacturing Court ruling on the case, the entry into force of the decision. The direction of the court and the creditor the court writs. 4 Initiation of the enforcement proceedings 6-14 months of petition to the bailiff application of writs of execution. Initiation of bailiff enforcement proceedings and seizure of the mortgaged property.

Getting the decision to initiate enforcement proceedings. 5 Implementation property 1-2 months Interaction bailiff with a specialized organizaiey for the auction. Publication in the press notice of auction, collect applications, conduct the auction. 6 End of the executive proceedings 2.1 Months Cash receipts in the amount of debt on account of the bank or Total, total duration of judicial proceedings and enforcement proceedings 12-28 months hardware market is very different from market real estate.

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