Article R331-1 of the French Code of civil enforcement procedures
Distribution of the price of the property shall be pursued at the instance of the distraining creditor or, failing that, the most diligent creditor or the debtor.
Home | French Legislation Articles | French Code of civil enforcement procedures | Regulatory part | BOOK III: SEIZURE OF PROPERTY | TITLE III: PRIZE DISTRIBUTION | Chapter I: General provisions
Distribution of the price of the property shall be pursued at the instance of the distraining creditor or, failing that, the most diligent creditor or the debtor.
The costs of the distribution procedure, with the exception of those of disputes or claims, shall be advanced by the party requesting the distribution and deducted in priority to all others.
The procedure for the distribution of the price of an immovable governed by this Title applies, unless otherwise provided, to the distribution among creditors of the price of an immovable sold without any execution proceedings, after the purging of registrations. In this case, the procedure is pursued by the most diligent party before the court. The court appoints a receiver of the funds, unless deposit with the Caisse des dépôts…
In the month following publication of the title deed, the pursuing creditor, or failing that the most diligent creditor or the debtor, summons the creditors holding a published security interest in an immovable by destination mentioned in article L. 331-1 to declare their claim. This summons shall contain, under penalty of being declared null and void: 1° A copy of the summons to pay valid as a seizure of property;…
The period within which the creditor holding a published security interest in the immovable by destination must declare his claim is two months from the date of the summons served on him. The declaration is made by a lawyer’s deed deposited at the registry of the execution judge and notified on the same day or the first working day following this declaration to the pursuing creditor and to the debtor,…
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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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