Attachment may involve any tangible or intangible movable property belonging to the debtor. It renders them unavailable. Subject to the provisions of Article L. 523-1, an asset may be subject to several protective attachments.
A creditor who has obtained or is in possession of a writ of execution establishing a liquidated and payable claim may proceed with the sale of assets that have been rendered unavailable up to the amount of his claim.
Where the attachment relates to a claim for a sum of money, the attachment deed renders the sum of money unavailable up to the amount authorised by the court or, where such authorisation is not required, up to the amount for which the attachment is made. The attachment produces the effects of a deposit as provided for inarticle 2350 of the Civil Code.
Where the garnishee is an institution authorised by law to maintain deposit accounts, the documents are sent to it electronically.
If the protective attachment relates to a claim, the creditor, in possession of a writ of execution, may request payment. This request results in the immediate allocation of the seized claim up to the amount of the judgment and the sums for which the garnishee has acknowledged or been declared liable.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
