A payment undertaking is a type of commitment prepared under Article 111 of the Enforcement and Bankruptcy Law No. 2004 (EBL) for use in enforcement proceedings. Upon signing the payment undertaking, the enforcement proceedings are immediately suspended…
If you have a court judgment issued in your favor by a Court of Law, ordering you to pay a monetary debt, after the judgment was issued, the other party must pay this debt...
What is compulsory execution? In simple terms, compulsory execution means enforcement by force. It occurs when a debtor fails to pay their debt and the court...
To prevent a debtor from concealing assets, it is necessary to obtain a provisional attachment order before initiating enforcement proceedings against the debtor. Provisional attachment generally aims to prevent a debtor from concealing assets or failing to pay the debt...
Once a bankruptcy decision is made, bankruptcy proceedings begin, and the debtor acquires the status of "bankrupt." At the time bankruptcy proceedings begin, all assets of the bankrupt that are subject to seizure, regardless of their location or who possesses them, are subject to attachment...
What is wage garnishment, a method used to collect debts during enforcement proceedings? Wage garnishment is a common method in practice. It is a measure determined by law for individuals due to their debts...
One of the common mistakes in practice is the seizure of pets as part of the debtor's foreclosure process. Pets have a significant emotional and psychological impact on the family...
