Categories: INFORMATION

WHAT IS A PRECAUTIONARY LIEN?

Precautionary lien is a temporary legal protection that provides for the confiscation of the debtor’s assets by a court decision to guarantee the outcome of the current follow-up of receivables. The creditor requests an injunction from the competent court on the basis of a suitable petition that he will receive a child born or not, and if the court accepts this request, it decisively decides that the creditor will deposit a security ranging from 10 to 15 percent. Without this guarantee, it is impossible for the court to make an injunction lien decision.

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