I want to pledge my movable property. What papers do I need?

Pledge on a registered movable
  • What do you get: A pledge gives a creditor (pledgee) a privileged right over a movable owned by his debtor (pledger) in case the debtor faults on his payment duties.
  • Why do you need it: The pledged movable remains (or not – depending on the type of pledge) in the possession of the pledger, while the creditor may, if the pledge is registered, collect his claim from the value of the pledged movable before other creditors, if his claim is not paid on time.
  • What happens if you do not do it: The potential claim remains unsecured.

Clients can understand which laws are relevant and important, who initiates the procedure and how does it develop in a detailed step-by-step presentation below and finally, will be provided with a link to other relative legal services.

Duration

14 days

Cost

Administrative fees – legal entity certificate procurement: depending on the register in which the legal entity is registered

Steps

  1. Documentation check
  2. Conclusion of the pledge agreement
  3. Registration of the pledge

Requirements

  • Registration application for registration of a pledge
  • Pledge agreement
    • The pledge agreement, original or certified copy, should contain a statement of the pledger that he agrees that the creditor may register the pledge in the Register.
    • If the pledger is a natural person and the statement is given separately from the agreement, it must be certified before the notary public.
  • Personal and official documents of the pledger and the creditor for identification purposes
  • Documentation regarding the claim that is secured by the pledge, original or certified copy
    • During the preparatory and registration phases, either of the parties provide the document based on which the claim secured by the pledge arose should be provided.
    • Usually such a document is a loan agreement, but it can also be a decision or other document.
  • Other documentation from which the data subject to registration can be identified
  • Proof of payment of the registration fee

Templates

  • Next to be included
For further and more detailed information on the above we recommend that you contact an Advocate.
Click here if you want to be linked to an Advocate

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If you registered before Log-in to continue
Pledge on a non-registered movable
  • What do you get: A pledge gives a creditor (pledgee) a privileged right over a movable owned by his debtor (pledger) in case the debtor faults on his payment duties.
  • Why do you need it: The pledged movable remains (or not – depending on the type of pledge) in the possession of the pledger, while the creditor may, if the pledge is registered, collect his claim from the value of the pledged movable before other creditors, if his claim is not paid on time.
  • What happens if you do not do it: The potential claim remains unsecured.

Clients can understand which laws are relevant and important, who initiates the procedure and how does it develop in a detailed step-by-step presentation below and finally, will be provided with a link to other relative legal services.

Duration

14 days

Cost

Administrative fees – legal entity certificate procurement: depending on the register in which the legal entity is registered

Steps

  1. Documentation check
  2. Conclusion of the pledge agreement
  3. Registration of the pledge

Requirements

  • Registration application for registration of a pledge
  • Pledge agreement
    • The pledge agreement, original or certified copy, should contain the statement of the pledger that he agrees that the creditor may register the pledge in the Register. If the statement is given separately from the agreement, and if the pledger is a natural person, the statement must be certified before the notary public.
  • Personal and official documents of the pledger and the creditor for identification purposes
  • Documentation regarding the claim that is secured by the pledge, original or certified copy
    • During the preparatory and registration phases, either of the parties provide the document based on which the claim secured by the pledge arose should be provided.
    • Usually such a document is a loan agreement, but it can also be a decision or other document.
  • Other documentation from which the data subject to registration can be identified
  • Proof of payment of the registration fee

Templates

  • Next to be included
For further and more detailed information on the above we recommend that you contact an Advocate.
Click here if you want to be linked to an Advocate

Register First

If you registered before Log-in to continue