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Debt and creditors: dégrèvement, réalisation and remise de biens

​​​​​Creditors taking ownership of a property (dégrèvement)

Dégrèvement is when banks or businesses apply to take over ownership of a property or​ a piece of land that’s owned by a person or business who’s unable to pay their mortgage.

The bank or business starts legal proceedings by applying for dégrèvement to help the lender gain money back from a person in debt.

Dégrèvement involves immoveable property: houses or other buildings and land that is permanent.

Belongings sold to clear debts (réalisation)

Réalisation in​volves movable property such as:

  • stocks and shares
  • money
  • antiques
  • jewellery
  • clothing
  • cars and motorbikes

Réalisation takes place when items owned by a person or a business that’s in debt is sold.

The money made from the items is shared between mortgage lenders and creditors who are owed money.

When a person or business in debt has nothing movable that can be sold to pay for the debt, a dégrèvement will take place without the réalisation.

 You can find out more about dégrèvement and réalisation by reading a full guide from the Judicial Greffe and Viscounts Department.

Download Dégrèvement and Realisation information (size 229kb)​

Legal Aid in Jersey

Email Legal Aid in Jersey​


Remise de Biens (remise)

A Remise is considered a privilege given to a debtor who has financial problems.

A Remise is when a person or business that’s in debt and owns real property such as a house hands over their property to be sold to pay for their debt.​

The debtor will be expected to listen to the advice of two Jurats who are dealing with the case.

Download Remise de Biens information (size 160kb)​

Legal Aid in Jersey

Email Legal Aid in Jersey​

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