How can we prevent foreclosure?
In recent years, the number of foreclosure cases has grown significantly. Companies and individuals often face garnishments, asset seizures or even public auctions due to the lack of legal and financial prevention.
What does prevention mean in foreclosure?
Prevention is not only about “having money to pay your debts,” but also about organizing contractual relationships and financial flows in advance to avoid blockages.
Practical measures:
- Clear contractual clauses – Negotiate realistic payment terms and fair sanctions; avoid disproportionate penalties.
- Monitoring obligations – Keep track of due dates and send timely notices for potential delays.
- Amicable negotiation – If difficulties arise, reschedule payments before the creditor initiates foreclosure.
- Preventive legal assistance – Consult a lawyer before signing contracts.
- Periodic review of fiscal and commercial status – An annual legal and financial check-up can reveal risks before they turn into disputes.
Why is it important?
- Foreclosure directly affects liquidity, reputation, and commercial relations.
- For individuals, the risks include wage garnishments, loss of assets, or even eviction.
- Prevention costs are much lower than litigation and contestation procedures.