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Posted by Calavros Admin
Posted May 2011
In this case our Firm represented a creditor who filed a payment order against his debtor, for who the conciliation procedure had begun and at the same time precautionary measures had been taken, which forbid any action of compulsory execution against him. However, the Judge of the aforementioned court ruled in our client’s favor, judging that the issuance of a payment order by itself, does not bring forward either initiation, nor continuation of the execution process and consequently that it does not come under the inhibition based on the clause of the article 25 §1 PtK (code of bankruptcy procedure).