Bill determines that creditors may only have rights to the debtor’s assets that are subject to seizure; text goes to the Senate
The Constitution, Justice and Citizenship Committee of the Chamber of Deputies approved bill 595 of 2024, by the congresswoman (PSD-RJ), which limits the seizure of debtors’ assets. According to the text, creditors may only have rights to the debtor’s assets that are subject to seizure.
Approved in , the proposal will go to the Senate, if there is no appeal for a vote in the plenary.
Currently, it determines that all assets of defaulting debtors can be seized. However, the already offers a list of unseizable assets, including those essential to the domestic economy, instruments of work, wages or salary, small family rural properties and public goods. Law 8,009 of 1990 also considers residential property owned by a couple or family to be unseizable.
The rapporteur, deputy (Novo-SC), recommended approval of the proposal. “Although the creditor has power over the debtor’s assets, this is not absolute. The seizure of assets cannot compromise the human dignity of the debtor and his family.”declared the deputy.
With information from .
