CAN A PRECAUTIONARY ATTACHMENT DECISION BE TAKEN FOR AN UNPAID PROMISSORY NOTE?
Precautionary attachment is a legal remedy. That can be obtained from the authorised and competent Courts for a money debt. In the event that the promissory note is not paid despite its maturity. A precautionary attachment decision. Can be taken from the Court and the debtor. Can be prevented from evading the property. In this case, the court may temporarily seize the debtor’s assets until the follow-up is finalised. Without waiting for the 10-day finalisation period. By issuing a precautionary attachment decision in case of payment of a guarantee of 15-20% according to the value of the promissory note. The implementation of the precautionary attachment decision and the execution of enforcement proceedings. For the unpaid promissory note are matters requiring expertise. In order to avoid loss of rights. It will be necessary to work with a lawyer specialised. In enforcement law in such cases.
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