The Vitebsk Region Economic Court has started selling debtors' property through social networks

The Vitebsk Regional Economic Court has started selling debtors' property through accounts on popular social networks, as told to a BELTA correspondent by the court's press secretary, Natalya Goncharova.

The Vitebsk Regional Economic Court's social media accounts are now used not only to locate debtors and notify them of their debts. Bailiffs publish information on the official court pages regarding the sale of seized property. Parties interested in this information can join the group and automatically receive notifications about newly available property for sale. The pages also contain information about ongoing auctions, including electronic ones. Previously, this information was only available on the website of the Supreme Economic Court of the Republic of Belarus or in the print media.

As bailiffs hope, widespread information about auctions will allow seized property to be sold on the first attempt. This is in the interest of both the debtors themselves and the creditors in enforcement proceedings. "The more participants in the auction, the higher the competition and, consequently, the higher the price of the property sold through the auction, because if there are no buyers, the auction is declared void, and in subsequent auctions, the property value is reduced by up to 20%, and all costs for the auctions and their publications fall on the debtor," explained the press secretary.

Thus, the department for the execution of court decisions provides citizens and legal entities with prompt information on the sale of seized property, ensuring the publicity and openness of the conducted auctions. All this contributes to the creation of an effective system for the development of e-justice, emphasized Natalya Goncharova.

In 2012, the department for the execution of court decisions initiated almost 11.6 thousand enforcement proceedings, which is 26% more than in 2011. Over 8.3 thousand proceedings were actually executed for a total amount of over Br242 billion, 12 million Russian rubles, $1.5 million, and 60 thousand euros.