Enforcement and Bankruptcy Law
ENFORCEMENT AND BANKRUPTCY
Enforcement and Bankruptcy law is a branch of law that handles the collection of the debt at the request of the creditor of a debtor who has not paid his debt. The collection of receivables from the debtor is regulated by law. However, collecting debts requires serious follow-up, and the safest method for this is to seek help from lawyers.
There are several methods of debt collection within the scope of enforcement and bankruptcy law. While it is possible to collect the debt through enforcement monitoring, it can also be done through bankruptcy if conditions are suitable. The essential matters that lawyers can offer support regarding this law branch are:
- How can the debtor’s movable/immovable property be confiscated
- Initiation of Follow-up Operations
- Foreclosure proceedings
- Conversion of foreclosed goods to cash
The most significant thing here is that the creditor follows his case. Because the follow-up affects the speed and the course of the conclusion of the case. No actions are taken by the enforcement agency without the request of the borrower.