Image for post
Image for post

COMPULSORY EXECUTION can be considered when debtor refuses to pay even after the final award.

By COMPULSORY EXECUTION, creditor can seize / liquidate debtor’s asset for satisfaction of its unpaid credit.

Seizure on bank accounts is the most frequently used and powerful method. Creditor can also choose to proceed seizure on debtor’s real estate, bond for rental contract, or any other assets.

Unlike provisional seizures, COMPULSORY EXECUTION requires no court deposit since the creditor has secured (final and binding) award from court.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store