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0050918 AI generated

Court allows sale proceeds of mortgaged property to satisfy the executing creditor when no real security claims exist.

Case Number 0050918
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Tribunal da Relação do Porto unanimously allowed the appeal regarding the distribution of proceeds from the auction of a mortgaged property. The executing creditor argued that the sale funds should satisfy their debt, while the opposing party raised no claims for real security on the asset. The court ruled that in the absence of any competing real security claims, the entire proceeds must be allocated to satisfy the executing creditor's debt.

Legislator headnote

Official

EXECUÇÃO GRADUAÇÃO DE CRÉDITOS PENHORA GARANTIA REAL

Keywords

AI generated
graduated credit execution mortgage enforcement real security claims auction proceeds distribution enforcing creditor satisfaction

Cited Legislation

AI generated
CPC 95 Art. 817
CPC 95 Art. 822 n.º 1
CPC 95 Art. 865 n.º 1
CPC 95 Art. 872 n.º 1

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Full text

[DATA DEC. RECORRIDA] 01/24/2000

[Nº CONVENCIONAL] JTRP00029954

[Nº DO DOCUMENTO] RP200010090050918

[PRIVACIDADE] 1

[PROCESSO NO TRIBUNAL RECORRIDO] 35/96

[TEXTO INTEGRAL] N

[TRIBUNAL RECORRIDO] T J MIRANDELA

[URL] https://www.dgsi.pt/jtrp.nsf/56a6e7121657f91e80257cda00381fdf/EE2F3570744DB025802569B2003AEB89?OpenDocument

SUMÁRIO

Penhorado um imóvel na execução e não havendo sobre ele reclamação de créditos com garantia real, o produto da venda do mesmo deve ser atribuído para satisfação do crédito exequendo.