THE BENEFIT OF THE E-SALES PORTAL

The purpose of the E-Sales Portal is to use the latest technology for compulsory enforcement sales by enforcement and bankruptcy offices and thus to improve the transparency of sales proceedings..

Sales announcements can be viewed until the date of auction; this increases the number of bidders and assets can be sold at prices closer to their real value. This, in turn, increases the amount of money payable on the account of the debtor and receivable on the account of the debtor, benefiting both parties. .

The aim is to lift the barriers of time and space for joining auctions by allowing potential bidders to follow auctions in other places and deposit securities online.

Transparency in the auctions of enforcement and bankruptcy offices which are key elements of the judiciary will enhance public confidence in the judiciary and reassure rights of people through the judiciary.

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