Custody of seized property

After seizing your immovable property, the bailiff gives you custody of the property. This means that you are responsible for the seized property until it is sold.

You are required to accept custody. In addition, you may be required to provide reparation for any resulting prejudice, and you are liable to contempt of court if, for example, you damage the property while it is under your custody or fail to disclose a situation that results in its loss.

Sequestration

The bailiff may ask the court to give custody of your property to a sequestrator, in other words a person who will administer the property.

In such a case, the sequestrator collects all the income from the property and, after deducting expenses, disbributes it to your creditors in the same way as for a distribution of the proceeds of a sale.

 

 

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