Finalization of the Debt in the Execution Proceedings
In the enforcement proceedings without a warrant initiated through general foreclosure, the enforcement proceedings are stopped if the debtor notifies the pay order sent to him by the enforcement department of his objection within 7 days. If no objection is made within the objection period, the pay order and enforcement proceedings will be finalized.
Paying paid order, the person who received the payment order may object to the payment order if he/she believes that he/she does not have such a debt or that he/she has paid the debt that is the subject of the follow-up. Paying pay in the execution proceedings initiated through general foreclosure, the objection to the payment order is made to the enforcement directorate that sent the payment order. However, if the debtor is located in a place other than the place where the prosecution was initiated, the prosecution may also be challenged through another enforcement agency. In this case, the debtor goes to the nearest enforcement office and submits the objection petition to the authorized enforcement office, and the objection document is sent by the authorized enforcement office to the enforcement office to which it belongs.
In the same petition submitted to the enforcement office, both the incompetence of the enforcement office and the debt subject to enforcement proceedings may be challenged. Addition to the objection to the debt, if an objection is to be made to the place where the enforcement proceedings are conducted, an objection to the authority must also be made along with the objection to the debt.
In the enforcement proceedings without a decision filed through general foreclosure, the rightness or unfairness of the debtor in objecting to the debt is not investigated. Enforcement proceedings shall stop with the objection. In order to eliminate the debtor’s objection and continue the enforcement proceedings for the collection of the receivable, the creditor must file a lawsuit for the cancellation of the objection in the Enforcement Court within six months or for the cancellation of the objection in the general courts within one year. This period begins with the notification of the debt objection petition to the creditor.
The Period of Finalization of the Execution Procedures
Unlike enforcement proceedings, there can be no objection against a receivable subject to enforcement. The debtor may request a stay of execution by applying to the enforcement court within 7 days from the notification of the executive order for reasons such as “payment of the debt, postponement of the debt, expiration of the time limit for the payable” under certain conditions. Unlike an appeal, the execution does not stop on its own with a request to stop. If pay, postponement, or statute of limitations has occurred after notification of the executive order, the request for termination is not subject to the time limit. Unlike non-enforcement pursuit, a court order is required to stop the pursuit.
The Period of Finalization for Transactions Specific to Foreign Exchange Notes
The debtor may object to the debt, authority and signature within 5 days from the date of notification of the pay order to him; however, the objection to the signature must be made clearly and separately, unlike other objections, otherwise no valid objection to the signature will be made.
October paid paid pay In addition to the 5-day objection period starting from the notification of the payment order, the debtor has a 10-day payment period starting from the notification of the payment order. Pays payables and follow-up costs within 10 days from the notification of the payment order, if the debtor does not pay the debt and follow-up costs, the creditor may demand that the debtor’s property be foreclosed.
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