Section 2: Sale of seized assets

The forced sale of the assets takes place by public auction after a period of one month from the date of the seizure, during which the debtor may proceed to an amicable sale under the conditions provided for in this article. The debtor against whom a compulsory execution measure is being pursued may, under the conditions laid down by decree of the Conseil d’Etat, voluntarily sell the seized assets in…

The agent authorised by law to proceed with the sale stops the sale operations when the price of the goods sold reaches an amount sufficient to pay the principal, interest and costs of the distraining and opposing creditors. He is responsible for representing the auction price. Unless otherwise stipulated, the sale price may not be seized.