Article L321-1 of the French Code of civil enforcement procedures
The creditor seizes the property by deed served on the debtor or third party purchaser.
Home | French Legislation Articles | French Code of civil enforcement procedures | Legislative part | BOOK III: SEIZURE OF PROPERTY | TITLE II: SEIZURE AND SALE OF THE PROPERTY
The creditor seizes the property by deed served on the debtor or third party purchaser.
The act of seizure renders the property unavailable and restricts the seized person’s rights of enjoyment and administration. The distrainee may not dispose of the property or encumber it with real rights, subject to the provisions of Article L. 322-1.Unless the property is rented, the distrainee is constituted sequestrator unless circumstances justify the appointment of a third party or the eviction of the debtor for serious reasons.
The act of seizure of an immovable carries with it the seizure of its fruits, except for the effect of a previous seizure.
Leases granted by the debtor after the act of seizure, regardless of their duration, cannot be set up against the pursuing creditor or the purchaser. Proof of the lease’s anteriority may be provided by any means.
The seizure of the property may be invoked against third parties from the time of its publication in the property register.Unpublished or subsequently published disposals that have not been made in accordance with the conditions set out in article L. 322-1 may not be set up against the pursuing creditor or the purchaser, unless a sum sufficient to pay the principal, interest and costs due to the registered creditors and…
If several of the debtor’s properties are seized at the same time, the debtor may ask the court to limit the seizures. He may also ask the court to convert part of the seizures into a mortgage on some of his properties, which will rank on the date of publication of the seizure, subject to registration of the security within one month of notification of the decision.
The assets are sold either out of court with judicial authorisation, or by auction. In the event of an agreement between the debtor, the pursuing creditor, the creditors registered on the seized property on the date of publication of the summons to pay valid as a seizure, the creditors registered on the property before publication of the bill of sale who intervened in the proceedings and the creditor mentioned in…
The bailiff may enter the premises and, if necessary, have the doors and furniture opened in order to describe the seized property. In the absence of the occupant of the premises or if the occupant refuses access, the bailiff shall proceed as set out in articles L. 142-1 and L. 142-2. When the premises are occupied by a third party by virtue of a right enforceable against the debtor, the…
An amicable sale with judicial authorisation has the same effects as a voluntary sale. It cannot give rise to rescission on the grounds of lesion.
The notarial deed of sale is only drawn up once the price has been deposited with the Caisse des Dépôts et Consignations and proof of payment of the costs of the sale and the taxed costs has been provided.
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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
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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
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