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Premonitory endorsement is a way of carrying out debt collection with the support of the law. Below I will explain more about this action, what its objectives are, how it is done and why. Browse this content: show Furthermore, I will talk about fraud in the execution of premonitory endorsements and how the law treats cases like this. But before that, I want to explain a little about what leads to this act: default. Browse this content: What leads to premonitory endorsement In fact, in recent years Brazil has been experiencing an unprecedented economic crisis. Furthermore, we had the unpleasant surprise of the advent of a health war caused by the Covid-19 pandemic, which will certainly leave its mark.
History shows us that scenarios like this end up resulting in an inevitable increase in default. This is proven by the Consumer Debt and Default Survey (Peic), released on March 30 of this year, by the Albania Phone Number National Confederation of Commerce in Goods, Services and Tourism (CNC)[1]. According to the survey, the proportion of family groups with late bills reached its highest level in the last 12 months in March, reaching 25.3%. While in February it was recorded 24. The percentage of families who say they do not have the means to get out of debt has also increased.

In January, the percentage reached 9.6%, jumping to 9.7% in February and to 10.2% in March. Collection of defaulted credits This entire context then points to another movement: the collection of defaulted credits. Although the growth of in Brazilian Law is notable, the truth is that many still look to the judiciary for resolution to conflicts of this nature. Including due to the legislation itself, which provides procedures for the practical satisfaction of this right, as occurs, for example, in the action to execute an extrajudicial title. The objective of this type of legal demand is to promote the forced execution of the right to receive credit.
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