What is the procedure for removing the arrest from the property after debt repayment?

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07.05.2024 18:27 345

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Photo of lorina200215 Lorina Fedan

The procedure for canceling the seizure of property is determined by the Law of Ukraine "On Executive Proceedings".

To cancel the seizure of property, the debtor must submit a written application to the executive service, this application is drawn up and submitted by a lawyer. The application must contain evidence that supports the grounds for cancellation, for example, evidence of debt repayment or evidence of legal protection, evidence of illegal seizure, and others.

The executive service will consider the application and make a decision to cancel the seizure of property. In the case of a negative decision, the lawyer has the right to appeal the decision in a higher instance.

It is important to note that there are time limits for the cancellation of property seizure, which cannot be violated, and the application must be prepared and submitted in accordance with the norms of current legislation. In the event that the debtor does not submit an application within the specified period or the executive service does not make a decision within the specified period, the seizure of property shall not be canceled.

Foreclosure is an important legal process that can have significant consequences for an individual.

15.05.2024 11:59

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