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Changes to Property Blocking Due to Debts: New Procedure in Force

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From now on, notary offices have a new procedure for freezing debtors' properties. With the update in the National Center for Unavailability of Assets (CNIB), the judge or administrative authority can direct the unavailability order to a single specific asset, instead of affecting several properties simultaneously as before. This is possible through the debtor's CPF or CNPJ, allowing a more precise selection that corresponds to the amount of the debt under judicial dispute.

This change, which has been in effect since last Tuesday, speeds up the process and reduces the impact on debtors, especially beneficial for large companies that previously faced multiple properties being blocked unduly. The update also facilitates the process of releasing properties after debts have been paid off, allowing for faster and more efficient actions through the CNIB platform.

This measure promises to have a significant impact on the real estate market, increasing the availability of properties and the fluidity of transactions. In addition, plans are in place to allow the general public to consult the status of properties in the future, increasing transparency and security in real estate transactions.

Luchesi Lawyers

With a history spanning over 30 years, we are a reference in providing specialized legal services to clients in the agro-industrial production chain and other sectors of the industry. Our activity has been recognized nationally and internationally and stands out for the innovative way in which we handle consultancy issues, contractual negotiations, as well as litigation and strategic operations in agribusiness.

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