Joke Collection Website - Public benefit messages - Will the court inform the owner of the auction car?
Will the court inform the owner of the auction car?
1, the court will notify the owner of the auction car. Court auction, that is, judicial auction, refers to the behavior that the people's court conducts or entrusts an auction company to publicly dispose of the debtor's property in order to pay off the creditor's rights in the execution procedure of civil cases. The court shall notify the parties before the auction.
2. Legal basis: Article 254 of the Civil Procedure Law of People's Republic of China (PRC).
After the property is sealed up or detained, the executor shall order the person subjected to execution to perform the obligations specified in the legal documents within a specified time limit. If the person subjected to execution fails to perform within the time limit, the people's court shall auction the sealed-up or distrained property; If it is not suitable for auction or both parties agree not to auction, the people's court may entrust the relevant units to auction or auction on their own. Articles prohibited by the state from trading freely shall be handed over to the relevant units for purchase at the price stipulated by the state.
Article 255
If the person subjected to execution fails to perform the obligations specified in legal documents and conceals property, the people's court has the right to issue a search warrant to search the person subjected to execution, his residence or the concealed property.
Take the measures mentioned in the preceding paragraph, and the dean will issue a search warrant.
Second, what should the court do if it seals up the car?
1. If the debtor repays the loan on time, the seizure will be lifted and the vehicle will be returned;
2. If the person subjected to execution fails to perform the repayment obligation, the court may auction it according to law, and the proceeds will be used to repay the arrears. If there is any surplus, it will be returned to the person subjected to execution.
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