Kihagyás

What does the Sale of Movable Property Without Auction mean?

Upon the parties’ request the bailiff shall proceed to sell the movable property without auction, but subject to the provisions of auction sale, to the buyer and at the appraised value designated by the parties.

If the proceeds from the sale without auction but subject to the provisions of auction sale is likely to be sufficient to satisfy the claims of all judgment creditors – including the lien holders – the consent of judgment creditor(s) is not required for sale without auction.

A sale without auction may be effected before the commencement of the auction. In the case of electronic auctions, the movable property may be sold without auction before the automatic closure of the bidding log, but only for a price that is higher than the price quoted in the bidding log (Vht. 133 §).

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