The Peruvian Civil Code establishes a series of goods that cannot be seizedthus providing essential protection to citizens. Knowing these assets is essential to safeguard personal heritage to possible debts.
The debts They can generate great concern, especially when there are difficulties in paying loans. Therefore, it is crucial to understand what goods are protected by law, thus guaranteeing the legal security of personal objects. Below is key information about these assets that cannot be subject to embargo.
What are the goods that cannot be seized, according to the Civil Code?
He Peruvian Civil Code It establishes that certain debtor’s assets are exempt from being seized, which means that they cannot be used to settle debts. Among these goods are:
- Assets constituted in family heritage: Only two thirds can be seized.
- Personal use garments: Strict use garments cannot be seized, as well as books and basic foods.
- Tools and utensils: Vehicles, machinery and indispensable tools for the exercise of a trade are not seized.
- Remuneration and pensions: The remuneration and pensions that exceed the five procedural reference units are protected.
- Food pensions: These are also considered unattachable.
- Religious temples furniture: They cannot be embargo.
- Sepulcros: Protection extends to the graves.
- CTS payment: This can only be seized in case of food up to 50%.
Prescription of debts in Peru: how old should they spend?
The Peruvian Civil Code establishes that debts prescribe after 10 years. This period implies that, once this period has elapsed, Debts They may no longer be required judicially. However, it is important to highlight that this period refers exclusively to the possibility of legally claiming the payment and not to the visibility of the debt in the records of the Superintendence of Banking, Insurance and AFP (SBS).
That is, although the debt with the bank may not be judicially claimed after 10 years, it will continue to appear as a debtor in the records until the debt is extended.
EMBARGO FOR PROPETS TAX: Can the Municipality take away the house?
In property tax debt situations, it is crucial to understand that the municipality cannot evict you from your home immediately. First, notifications and payment requests will be sent to keep you informed about the situation. In case of not responding to these communications, an administrative process will begin that will end with the issuance of a coercive ordinance.
It is essential to comply with tax obligations to avoid possible sanctions and legal complications.
What is the Civil Code in Peru?
He Peruvian Civil Code It is the normative body that regulates civil relations between individuals in the country. Promulgated in 1984, this Code seeks to provide a clear and coherent legal framework to guarantee the rights and obligations of people in their civil interactions, promoting justice and equity.
This set of norms covers various areas, including real rights, obligations and contracts, family law and successions. In the field of real rights, regulate property and other rights over assets.
Follow the Republic at WhatsApp! Join our channel from your cell phone and receive the most important news from Peru and the world in real time.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
