Seizure Procedures
Seizure is the confiscation of the debtor's assets for the purpose of collecting the debt. Seizure procedures are carried out by the execution office.
Types of Assets Subject to Seizure
- Movable assets (vehicles, electronics, etc.)
- Immovable assets (house, land, shop)
- Bank accounts and salary
- Company shares
- Receivables
Non-Seizable Assets
- Essential household items
- Tools necessary for profession
- Portion exceeding 1/4 of salary
- Entire pension
Objection to Seizure
If the seized property belongs to someone else or is non-seizable, a third-party claim lawsuit can be filed.