The Basis of Forced Realization of Movable Property
The forced realization of a car or other machinery in enforcement proceedings is regulated in detail by the Law of Georgia on Enforcement Proceedings. After a lien is imposed, movable property — a vehicle — awaits a defined path: valuation, the announcement of a public auction, the identification of the winner and the distribution of the proceeds. The law regulates each stage of this process with exact periods and rules, which matters to the debtor, the creditor and the purchaser alike.