By registering for voluntary deposit, a person in financial difficulties (known as the “debtor”) can voluntarily pay back his or her creditors on the basis of the amount owed to each creditor and the debtor’s ability to pay.
Voluntary deposit is also a way for the debtor to avoid seizure or bankruptcy. The debtor’s property becomes unseizable, provided the debtor respects his or her obligations.
It is important for the debtor and his or her creditors to be fully aware of all the legal aspects of voluntary deposit to avoid making any mistakes.
On this page:
Rights and obligations of the debtor
To benefit from voluntary deposit, the debtor must comply with all the obligations concerning: