Foreclosure gets faster and faster, here's what's changing

Faster foreclosures, without downtime and with quick credit payments.
The decree law which must implement part of the Pnrr approved by the Council of Ministers on 26 February 2024, provides for the inclusion of measures that accelerate the foreclosure of third parties.
These are all those measures requested by the creditor who obtains from the judge to be able to have the sums owed by his debtor from a third party who can be, for example, the employer or the client.
In this case, the third party, instead of paying salary or invoice payments to the debtor, passes the sums on to a client of the latter, the creditor.
These are, therefore, seizures of salaries, pensions or payments of invoices.
What changes for third party foreclosure? Times will be speeded up thanks to the elimination of dead times.
In practice, when the creditor turns to the judge to collect the sums owed, the latter assigns the sums that are owed to the debtor by a third party.
The creditor must also attach the IBAN on which to receive the credits to the declaration presented to the judge to speed up the collection times of the sums.
An important innovation foreseen is that to avoid speculation on the part of creditors who waste time to increase interest on the sums, if the creditor notifies the judicial order after 90 days he loses the right to interest.
In this way, therefore, we also act on the creditor's slowness and inertia.
Notification after 10 years, what happens to foreclosure? The seizure of debts notified more than 10 years ago loses its effectiveness and the third party is free from any obligation.
Always with a view to freeing the third party from obligations, the clerk also intervenes with the transmission of a certified e-mail to communicate, precisely, to the third parties in question, the extinction of the seizure due to the inertia of the creditor.
The credit that is not activated, therefore, loses the right to recover the sums (but this is already provided for by the statute of limitations).
read also What is statute of limitations in 2024 The calculation of the sums is also changing.
A further correction will serve to change the calculation of the sums that must be blocked in addition to the initial credit to also guarantee the expenses and interest due.
The current version provides that when the third party receives notification of the seizure, he must block sums equal to the amount of the credit increased by half.
The law decree, however, provides that in addition to the credit, fixed sums are blocked and no longer the 50% increase and specifically: 1,000 euros for credits up to 1,100 euros; of 1,600 euros for credits up to 3,200 euros; increase of half the credit only if the latter is greater than 3,200 euros.
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