Execution in Future? Unification of Execution Documents and Payment Schedule for Debtors

5. 4. 2016

On 25 February, 2016, the Presiding Board of the Chamber of Bailiffs introduced the main points of a new scheme it is to implement legally. What, then, are the changes in the execution process we can expect?Generally, there are two main discernible themes – increasing the efficiency of the execution process (e.g. by interconnection of the execution and insolvency proceedings, unification of existing execution documents etc.) and promotion of the debtors' protection. Should the Chamber succeed, the debtors will be able to make use of a protected payment process directed by a court bailiff/executor; it means they will be able to settle their minor debts following a payment schedule before the commencement of the execution process without the consent of the creditors. This scheme ought to safeguard the debtors from paying the execution costs exceeding several times the value of the debt.

Need help?

We are here for you and we will be glad to advise you based on more detailed information and documentation. Do not hesitate to contact us to arrange a non-binding consultation meeting.


We give clear answers

In our communication with clients, we do not hide behind long quotations of laws, but give a clear and understandable answer.

We're thinking with you

We always solve a specific problem with respect to the overall needs of the client; we do not take our recommendations out of context.

Newsletter - Stay up to date

We deliver directly to your e-mail

CAPTCHA
Copy image to check against spam.
A test to determine whether or not you are a human user in order to prevent automated spam.
© Schaffer & Partner 2023 | Created by: drualas.cz
Move up