Judicial Sales

A judicial sale consists of the transfer of movable or immovable property through the court, regardless of the will of the owner of the property right.

 

The judicial sale may take place in the context of enforcement proceedings or insolvency proceedings after the attachment or seizure of the property in question and is intended to ensure the creditor's right to be paid from the debtor's assets.

 

The creditor is the one bringing an enforcement action or claiming his claim under certain enforcement or insolvency proceedings while the debtor (also called the "executed" or "insolvent") is the owner of the property to be sold through the court.

Contrary to what happens in a normal purchase and sale, in a judicial sale, the transmission of property only occurs after

• Issuance of the transmission title, public deed, or authenticated partiular document, 
• Payment of the price of the property,
• Payment of the emoluments, 
• Proof of compliance with the relevant tax obligations

These assets are not guaranteed, unless otherwise indicated in the act of sale.

For buyers, the great advantage is to have unique and exclusive opportunities in the acquisition of goods that are not normally available on the market.

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