The compulsory sale is announced at the initiative of the pursuing creditor between one and two months before the auction hearing.
To this end, the pursuing creditor drafts a notice, deposits it at the execution judge’s registry so that it can be posted without delay in the court premises, in a place that is easily accessible to the public, and arranges for its publication in one of the legal gazettes circulated in the district in which the seized property is located.
The notice shall indicate
1° The surname, first names and domicile of the pursuing creditor and of his lawyer;
2° A description of the seized property and a brief description indicating its nature, any occupancy and any known information relating to its surface area, as well as, where applicable, the dates and times of the visit;
3° The amount of the upset price;
4° The day, time and place of the sale;
5° An indication that bids may only be placed by a lawyer registered at the bar of the judicial court of the place of the sale;
6° An indication that the conditions of sale may be consulted at the registry of the enforcement judge or at the office of the pursuing party’s lawyer.
The notice published in the legal gazette contains no other information.
The notice posted must be in type no smaller than 30 point, A3 format (40 × 29.7 cm).