As a debtor, going through the enforcement and execution process is no simple matter. When actions such as foreclosures, limitations and other restrictive steps are taken, it can make it extremely hard to repay a debt safely, while maintaining one’s standard of living. At times, it can even feel like the enforcement authority works against debtors. While it may certainly seem like the enforcement body is more favorable towards creditors, at times, you may be surprised. With the right legal steps, a debtor can receive benefits from the enforcement authority, reach a comfortable debt settlement, or even receive a dismissal. You may find yourself starting a new chapter sooner than expected! Here, you will find a wide array of articles on how to deal with debt, debt enforcement processes, and various existing solutions that might suit your debt situation.
Enforcement is a tool that offers practical protection to any creditor (people or company) to whom money is owed. The enforcement body has the authority and responsibility to carry out all the required actions for debt collection. It can impose foreclosures on bank accounts, vehicles, assets and more, and it can also place restrictions and limitations on a debtor. For example, the enforcement body can limit a debtor’s driving license or even their departure from the country, if necessary. If someone owes you money and you wish to use the enforcement body, you must submit an application to the relevant enforcement authority bureau, either physically or through their website. Since the procedures can be complicated, it is recommended to consult a lawyer who can help you get all the necessary paperwork in order before you start.
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