In this article, Deco Algarve explains what the Public List of lien or levy is and what it may mean.
The Public List of lien or levy identifies all debtors who are unable to comply with the payment of their debts, having already been faced with a lien claim.
However, if the debtor does not have enough money or assets to pay what is owed, one of the consequences is the inclusion of their name on the Public List of lien or levy.
Therefore, the lien by itself is extinguished due to lack of assets to cover a debt, but the name of the debtor, as well as their NIF (taxpayer identification number), the total amount owed and the case number, are included on this list.
But there is a way to exclude the debtor’s name from the List by making an agreement to pay the debt. Therefore, if you manage to reach an agreement with the creditor to settle the pending dispute, your name will not be included on the list, as the fulfillment of the obligation will prevent the inclusion on this List. People who find themselves in a similar situation can ask DECO for help in the negotiation of this payment plan.
It must be noted that if there is no agreement, the debtor’s name will invariably appear on the Public List of lien or levy for 5 years, after which the debtor’s name and all related information will be deleted from public records.