Buying a Bulgarian property under attachment: the risk of a private sale
A private sale may not protect the buyer from an attaching creditor. Check the proceedings, release documents and payment sequence before completion.
Read article →An Article 135 creditor challenge can affect a purchase without an earlier attachment. Prejudice, knowledge and timing matter.
The absence of an attachment when you buy Bulgarian property does not exclude a later challenge by the seller's creditor. Article 135 of the Obligations and Contracts Act can make a prejudicial transaction ineffective against a particular creditor. This is not universal cancellation of the sale; it protects recovery under the statutory conditions.
The inquiry concerns the creditor's claim, prejudice and the debtor's knowledge. For a transaction for value, the acquirer must also have the required knowledge. Certain close-family relationships trigger a rebuttable presumption. Where the transaction predates the claim, the statute requires an intention by both contracting parties to prejudice the creditor. Selling while indebted does not automatically satisfy every condition.
Collect proof of actual payment, negotiations, known disputes and relationships between participants. Market value or a clean encumbrance certificate does not alone decide the case, although the underlying facts matter.
If served with a claim, monitor the response deadline and address the allegation of knowledge. Subsequent good-faith acquirers for value have specific protection linked to acquisition and registration of the claim. Do not assume another transfer is an easy way to defeat the proceedings.
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This article is for general information only. It does not constitute or replace individual legal advice.