FORECLOSURE
Debt recovery through foreclosure: effective strategies for creditors. Protection of debtors’ rights.
Legal services provided to creditors
Seen from a creditor’s perspective, the foreclosure procedure has an essential role, namely the recovery of the debt. Improperly managed, this procedure may have severe negative consequences for the creditor, resulted in the loss of the right to recover the debt because of the expiration of the limitation period.
That is why contracting the services of a specialized attorney in foreclosure procedures is essential in order to assure the debt recovery.
Services offered to creditors by our foreclosure lawyers include:
- legal assistance during the foreclosure procedure, drafting requests, legal assistance within the auctions etc .;
- legal assistance in signing payment commitments with the debtors;
- defending creditors within the oppositions initiated by debtors;
- legal assistance and representation before courts of law and bailiffs.
Legal services provided to debtors
On the Romanian market, there is a real trend of abusive or illegal foreclosures, in which debtors’ rights are violated.
Our portfolio includes several court decisions favorable to our clients, through which we obtained the annulment of the entire foreclosure procedure due to prescription.
The solid experience and knowledge of our foreclosure lawyers allowed us to find solutions even in the cases in which the clients lost the term of appeal, by identifying alternative judicial remedies. And the results were favorable.
Services offered to debtors by our foreclosure lawyers include:
- drafting oppositions against enforcement procedures, with the aim of canceling illegal enforcemens;
- legal assistance in signing payment commitments with the creditor;
- legal assistance and representation before courts of law and bailiffs.