According to Federal Law No. 263-FZ dated June 24, 2023, amending Article 47 of the Federal Law "On Enforcement Proceedings," a maximum period is established for the completion of enforcement proceedings upon actual repayment of the debt. The corresponding decision will be issued within 3 days after receiving information from the State Information System for State and Municipal Payments (GIS GMP) regarding full payment of the outstanding debt.
A similar procedure is introduced for the termination of enforcement proceedings due to the debtor's lack of assets that can be seized. The decision will be issued within 3 days from the date of approval of the act stating the impossibility of enforcement based on the enforcement document.
The Law comes into effect on July 1, 2024.
Nadmitov, Ivanov & Partners Law Firm advises on matters related to enforcement proceedings.
Tel.: +7 (495) 649-87-12