Every day in the news we see cases of families who have been evicted from their homes because they have been repossessed by the bank because they have not been able to meet the mortgage payments, a situation in which they find themselves each year many citizens the economic situation and the increase in the Euribor.
However, this is not the only reason why we can seize the payroll or property, but there are other situations that can lead to this situation, such as a bill of exchange should not make payment of fines traffic or not pay taxes, both municipal (IBI), such as those at national level (income tax, corporation tax, etc..).
Importantly, the embargo must always be ruled by a judge, if the debt we have with an individual or a company or by the competent authority if we have with the government. In the first case, once decreed, however, the judge will make an inventory of all property of the person to determine which can be seized.
In the case of government, whether municipal level autonomous region or state can enact the embargo itself without needing to be declared by the courts, respecting the limits imposed by law for such operations as otherwise the process would be zero.
In addition to housing, which is the best known case, when you open the process but also it can be other assets as the cash we have on current accounts, deposits. Also furniture and household items, jewelry and precious metals
We also can garnish the wages or pension, although in this case may only be foreclosed exceeding the minimum wage.