How long does it take for a car to show normal status after being released from seizure?
1 Answers
It typically takes within one day for a car to show normal status after being released from seizure. According to relevant regulations: Duration: The freezing of a debtor's bank deposits by the People's Court shall not exceed one year; the seizure or detention of movable property shall not exceed two years; and the seizure of immovable property or freezing of other property rights shall not exceed three years. Automatic release: Upon expiration of the seizure period, if no extension procedures are completed, the seizure effect will cease, and the property will be automatically released. A car seized by the court cannot be released arbitrarily. To lift the seizure, the following methods can be considered: Negotiation: Proactively negotiate with the applicant who filed for property preservation with the court. If mutual agreement is reached, the applicant can request the court to release the seizure. Guarantee: Provide valid collateral to the court, after which the court may release the vehicle. Debt fulfillment: After actively fulfilling the debt obligations, the court should release the vehicle from seizure.