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TITLE II: SEIZURE AND SALE OF THE PROPERTY

Article L321-2 of the French Code of civil enforcement procedures

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.

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Article L321-5 of the French Code of civil enforcement procedures

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Unpublished or subsequently published disposals that have not been made in accordance with the conditions set out in article L. 322-1 may not be set up against the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…

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Article L321-6 of the French Code of civil enforcement procedures

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.

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Article L322-1 of the French Code of civil enforcement procedures

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…

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Article L322-2 of the French Code of civil enforcement procedures

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…

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