COERCIVE EXECUTION OF SUMS OF MONEY - GOITIA CONSULTING LAWYERS - KEYNOTE TALK.

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Goitia Abogados Consultores

Published on Feb 23, 2024
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The coercive execution of sums of money in Bolivia proceeds when it is a liquid and demandable obligation that allows the creditor to collect a debt through the intervention of the judicial authority. Its main characteristics are: -They are applied to collect liquid, determined and demandable debts that have real guarantee. -The process is initiated by the creditor before the competent judicial authority through a civil coercive claim, presenting the documents that prove the existence and amount of the debt. -The judicial authority examines the claim and the evidence and directly pronounces a sentence ordering the seizure and auction or sale of the guarantees, so that the payment of the amount claimed, interest and costs is made effective within three days. -The debtor is notified to cancel the debt or to oppose exceptions within five days. -If there are no exceptions, it is enforced and the execution of the seizure continues until the auction or sale. -If there are exceptions, a transfer is made for a response within five days and then they are resolved in a hearing and the respective resolution is issued; against this there may be an appeal before the Departmental Court of Justice and there is no further appeal, therefore the execution of the embargo continues until the auction or sale. -In summary, it is a quick and expeditious legal mechanism that the creditor has in Bolivia to collect monetary debts through judicial means. -It differs from the executive process because in this process the seizure of the real guarantee and its subsequent auction in execution of the sentence are directly ordered in the sentence. -The process is regulated in the Civil Procedure Code article 404 and following.

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