The delegation of the students of the Faculty of Law and the young lawyers from Sweden visited the National Bureau of Enforcement. Foreign young people got acquainted with the activities of the Bureau and the legal enforcement process. They attended the presentation about the Georgian enforcement system and its comparison with the forms of arrangement of the European and American enforcement systems.
The National Bureau of Enforcement and the European Law Students' Association - Georgia signed the Memorandum of Cooperation. Within the frameworks of the Memorandum, the Bureau undertakes to provide 5-day training for 20 ELSA member students, studying at the Faculty of Law in various universities of Georgia. The students are going to attend the general course in the theoretical and practical issues of enforcement law in the National Bureau of Enforcement from April 18 until April 22.
International Conference on Opportunities for Optimization of the Insolvency SystemThe Guidebook of Major Insolvency Reforms in Georgia - a conference with the same name was organized at the Hotel "Courtyard Marriott" by the International Organization of Cooperation of Germany, the Ministry of Justice of Georgia and the National Bureau of Enforcement. The principal aim of the conference was to study the opportunities for optimization of the insolvency system of Georgia.
Loan and Mortgage Agreement Loan, guaranteed with real estate (land plot, private house, apartment, commercial area) of the borrower or any other person is the loan secured with mortgage; Mortgage agreement shall come into legal force upon its registration in the Public Registry by one of the parties in line with the procedure established by the law; Real estate may be mortgaged for several times; In case of failure to pay the amount, mortgaged real state shall be used for fulfillment of the obligation (e.g. its realization for payment of debt); Loan and mortgage agreement is concluded in writing and notarized, that does not imply to the agreements concluded with the financial institutions (e.g. bank, MFO, etc.).
Suspension of enforcement proceedingEnforcement proceeding may be suspended, terminated or the enforcement paper may be returned in the cases stipulated by the law.In which cases the enforcement proceeding may be suspendedThe court, the National Bureau of Enforcement and the creditor, on the basis of own application, are authorized to suspend the enforcement proceeding:The court may suspend the enforcement proceeding:
Enforcement ProceduresIf somebody owes financial liability towards you and you are intending to return the funds, you must apply to the National Bureau of Enforcement and submit following documents:
The National Bureau of Enforcement goes on publication of preventive information cards. The topic of the new card - BailPublication of the cards by the Bureau serves following objective: the citizens could receive information easily, without unnecessary efforts and protect themselves from extra liability and problems. What is bail?A guarantor is a person, who takes the financial liability of the debtor together with the borrower.In case of bail, written approval of the guarantor shall be required.
Debtors' RegistryWhat is Debtors' RegistryDebtor's Registry is the unified database. Every natural person and legal entity, which becomes the subject of the enforcement proceeding, shall be registered in the Debtors' Registry.