In addition to small companies, private individuals store their stuff in mini-warehouses – from bicycles to clothes and vinyl records to erotic photos – but it is news to many that the warehouse keeper can auction off their stuff to cover the debt.
Harju County bailiff Risto Sepp told Delovõje Vedomosti that the number of private auctions has increased significantly. “Estonian residents are increasingly selling their real estate at auctions. Some people ask to sell their car, apartment or computer to pay off their debts,” said Sepp. Stuff from the owners of mini-warehouses also comes to the auction, and according to Sepa, the number of such cases has increased significantly.
Sepp argues that although there may be a possibility that the warehouse companies that turn to the bailiff have simply finally found out about their rights, the companies that he has already worked with and that have known about their rights for a long time turn to him.
“The option remains that life has simply become more difficult for ordinary people in economic terms,” he found. “And the unnecessary things you’ve put away are the first things you start saving on.”
Sepp explains what will happen next.
What is currently happening with private property debt auctions?
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Source: www.aripaev.ee
