Embargo

The lien is the legal retention of a property owned by a person that is used as a security method to satisfy a debt incurred by that person.

It is, therefore, a legal term ordered by a magistrate to prevent a debtor who does not pay or pay the money that at the time agreed, sells or donates the assets that are in his possession. After all, it is a preventive measure that remains in effect until the contracted account is satisfied with a view to the creditor.

The seizure can also happen when a particular individual commits some type of offense or offense and, consequently, must reimburse the expenses incurred or the damage caused by paying with a part or even with all of his property.

The assets that can be seized can be movable or immovable. In the first case – when the products can be easily transferred from one place to another – they will be deposited in the name of the court. In the case of real estate – also called real estate because they cannot be displaced, such as farms or homes – the condition of foreclosures is recorded for the knowledge of interested third parties.

The embargo is a situation that not only occurs between two individuals – as has already been seen – but can affect different countries and even regions. Thus, one or more states may establish this measure in relation to another or other governments, prohibiting the transportation and marketing of certain merchandise. It is generally a political directive taken by the country or countries that decree it to demonstrate its disagreement with that or those states that move away from their economic and social strategies.

Example of attachment to natural person

Imagine that a person of about 30 years of age has recently had a promotion at work and has bought a house. As he did not have all the money in the house he had to ask for a mortgage, in that case he has been paying his fee to the bank.

In your country a financial crisis is coming, it turns out that the company you work for begins to suffer because citizens do not buy their products. When the time comes, the company dismisses this person.

This new situation means that the mortgaged person does not have the financial capacity to pay their mortgage associated with the house that was purchased. Therefore, the relevant banking entity, in the event of non-payment of fees, proceeds to seize the real estate.

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