Your debtors - debt collection

Receivership requisition

Seize your debtor's assets to safeguard your business or personal rights. Have our lawyers analyze your case to determine, through an asset search, whether assets to be seized exist, and to file a petition for receivership before the competent authority, if applicable.

Receivership is a procedure for freezing a debtor's assets under certain conditions. The procedure is designed to safeguard the creditor's interests by confiscating the debtor's assets, before legal proceedings are initiated or finalized. It is therefore a radical and particularly effective measure, when it can be carried out.

Receivership is only possible in certain very specific circumstances, in particular when the debtor is domiciled abroad, when he is trying to evade his obligations or make his assets disappear, or when the creditor has a final judgment against him. The procedure is initiated by filing a petition with the competent court. If the conditions are met, the court orders the receivership and communicates its decision to the relevant debt collection office, which immediately takes the necessary steps.

Once the receivership has been ordered, it must be validated rapidly, in particular by initiating legal proceedings, deposing a debt collection request, starting dismissal proceedings or requesting the continuation of existing proceedings. The time limit for taking action for validation is short, normally 10 days, or 20 days in certain cases.

Legalify can assist you with your receivership applications. Contact our lawyers for more information.