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How can the guarantor cancel the freezing

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How can the guarantor cancel the freezing


        

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  • 2024-06-19 16:01:40

    The only way for the guarantor to cancel the freeze is to perform its obligations in advance. If the bank account frozen by the court can be unfrozen after fulfilling the corresponding obligations, the plaintiff and the court can be urged to unfreeze as soon as possible, or it will be unfrozen naturally after the expiration of the freezing time (generally 6 months, which can be delayed for up to 3 months). In other words, failure to perform obligations will not naturally thaw.

    Legal basis: Article 29 of the Provisions of the Supreme People's Court on the Sealing up, Seizure and Freezing of Property in the Civil Execution of the People's Court

    The time limit for the people's court to freeze the bank deposits and other funds of the person subjected to execution shall not exceed six months, the time limit for sealing up and detaining movable property shall not exceed one year, and the time limit for sealing up immovable property and freezing other property rights shall not exceed two years. Unless otherwise stipulated by laws and judicial interpretations.
    If the person applying for execution applies for extension of the time limit, the people's court shall go through the formalities for renewal of the sealing up, distraining or freezing before the expiration of the time limit for sealing up, distraining or freezing, and the time limit for renewal shall not exceed half of the time limit specified in the preceding paragraph.

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