Subsection 1: Amicable sale

The debtor has one month from notification of the seizure to sell the seized assets himself. The seized assets remain unavailable under the responsibility of the custodian. Under no circumstances may they be moved before the price has been paid.

The information provided for in the third paragraph of Article L. 221-3 shall be in writing and shall include the name and address of the prospective purchaser and the period within which the purchaser must offer to pay the proposed price. The bailiff communicates this information to the distraining creditor and opposing creditors by registered letter with acknowledgement of receipt. He shall also communicate them to the creditors holding a…

The price of the sale is paid into the hands of the distraining creditor’s bailiff, who issues a receipt to which is attached an extract of the entries in the register referred to in article R. 521-1 of the French Commercial Code, which has been lifted in accordance with article R. 221-14-1. The transfer of ownership and the delivery of the goods are subject to payment of the price. On…