Types of levies
Bank account seizures are a mandate for credit institutions, in order to retain the accounts held by the debtor identified in the procedure, the amount indicated in the procedure, with the limit of the existing balance in the accounts, on the date on which it is received by the bank.
The bank will retain the existing balances in all the accounts that the identified debtor has in the bank, although only one is included in the seizure procedure.
The entity will withhold the amount indicated, and will deposit it in the Treasury in the debtor's name.
The account embargo proceedings are addressed, and therefore their processing is for credit institutions.
The seizure of salaries, salaries and pensions consists of a regular discount on the salary, salary or pension received by the debtor. What is discounted is a percentage of the salary, which varies according to the amount and is calculated with respect to the Minimum Wage.
You can consult the amounts to be withheld from each salary in the Calculation of the Amount to be Withheld from Salaries option in the "Embargo Tools" section.
Recipients of the embargo procedure, while there is a working relationship with the debtor, must continue to retain and deposit with the Agency the corresponding amount will be paid until the full amount indicated in the procedure is paid or until they receive an embargo or a notice of completion.
A seizure of credits is sent to people or entities that have any relationship with the debtor, either because they carry out one-off or periodic transactions with the debtor, or because they have leased some good for which they pay the debtor an amount for this concept. When such an embargo is received, the full amount of the payment or the payments to be made to the debtor are being embargoed and must be paid to the Tax Agency.
Recipients of the embargo procedure, while there is a commercial relationship with the debtor, must continue to retain and deposit in the the Tax Agency will pay all payments and within the same time limits as the debtor would have until the total amount indicated is entered in the diligence or until they receive an embargo or a termination notice.
A variety of the seizures of credits are those of Point of Sale Terminals, in which entities that manage this card collection system are asked to pay the Tax Agency the invoices that must be paid to the debtors.
When securities are seized, the Depository Company is asked to hold them, i.e. they are not they can transfer or sell while they are on board, and, if applicable, they can request the sale to obtain the sufficient amount that covers the debt pursued by the holder of these securities.
Seizures of this type of property are generally carried out directly on the debtor, with the notification of the seizure procedure being communicated to him that they are being embargoed, so he cannot transfer them or if the receiver responds to the embargoed debt. To record this seizure, the seizure is recorded in a Register (Property Register, Traffic Management, etc.).
When the goods are shipped, the debtor or the person holding the asset may be required to deposit it somewhere or not.
The purpose of this type of seizure is to obtain sufficient amount to cover the debt by selling in auction.