What consequences may arise for the debtor and third parties who own...?

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... or use seized property?

25.04.2023 16:05 603

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Photo of sikorsky.y.o Yaroslav Sikorsky

According to Art. 56 of the Law of Ukraine "On Enforcement Proceedings" the seizure of the debtor's property (funds) is used to ensure the actual execution of the decision.

The seizure is imposed in the amount of the amount of recovery, taking into account the enforcement fee, the costs of enforcement proceedings, fines and the main remuneration of the private executor on all the property of the debtor or on individual items.

There is NO ban on the use of seized property.

However, it should be noted that if the need arises, the executor has the right to limit the debtor's right to use the property, to seal or seize it from the debtor and hand it over to other persons for safekeeping, about which he issues a resolution or notes restrictions in the resolution on arrest.

The type, scope, and term of limitation are established by the executor in each specific case, taking into account the properties of the property, its value for the owner or possessor, the need for use, and other circumstances.

05.06.2023 20:24

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