Hungary is a member of the European Union since 2004 and this status is reflected in the manner in which enforcement of foreign judgments is applicable in the country. As in all EU member states, the domestic laws and regulations govern the enforcement process for debt collection. In Hungary, these are…
Seizure of assets is a manner in which a creditor can recover due amounts from a debtor. In some cases, the debtor is allowed to state which assets may be subject to the seizure process. When the process starts, the debtor is usually asked to provide a list of the assets…
Enforcement is the procedure through which the state demands that an individual follows the measures imposed in a court decision, by means of applying coercive measures that aim to limit the debtor’s property rights. The enforcement of a court decision in Hungary is executed by the court or by the notary public…
