Seizure of vehicles and other assets: when is it viable?
Seizure of vehicles and other assets can be a relevant solution for recovering a debt when the debtor does not pay voluntarily and there are assets with sufficient economic value. However, not all assets are worth seizing. In many cases, the cost, time, condition of the asset, existing encumbrances, and difficulty of sale can make the measure ineffective. For the creditor, the main question should not only be whether seizure is possible, but also whether seizure is viable, proportionate, and economically useful. An old vehicle, an asset that is difficult to locate, or equipment with low market value may not justify the procedural effort. Conversely, an identified asset, free of significant encumbrances and in demand on the market, can increase the likelihood of recovery. In this article, we explain how the seizure of vehicles and other assets works, when it may make sense to proceed, what risks should be considered, and what is realistically recoverable.