Definition of Executive Title

The concept of executive title takes us to the field of right and of the Justice as this is a document legal public type that can only issue justice in a situation of debt monetary or fiscal from one party to the other. The executive title is an important document that is used to resolve cases of this style, When a person, entity or institution It has monetary debts with another party that may be private or that may even be the same State, a community, a people, etc.

As in other cases, the document known as executive title has the main objective of solving a situation of material or monetary debt between two or more parties. Thus, the executive title is considered as the instance end of call attention and in most cases it means that the State or Justice allow themselves, through their expedition, take possession of the movable or immovable property of the debtor party to solve the litigation. In addition, the debtor can be urged to commit to pay and meet the missing payments for that person or entity that has not received them correctly.

When the State or the Justice take possession of the movable or immovable property of a debtor who has been summoned many times to pay and who has not done so, These goods are usually sold through an auction to the highest bidder, so it is neither the State nor the Justice that remains in possession of they. In some cases, the debtor can settle the dispute before reaching the enforceable title through the payment of their debts, but when this type of document is made present and issued, there is no going back since it supposes nothing more and nothing less than the taking in possession of the goods.