Reprise De Finance Meuble
Reprise de Finance Meuble: Understanding the Concept
The term “reprise de finance meuble” (literally, “movable asset repossession”) refers to the repossession of movable property or assets, such as vehicles, equipment, furniture, or other personal property, by a creditor due to the debtor’s failure to meet their financial obligations under a loan or lease agreement. This process is a legal mechanism for creditors to recover their financial losses when a borrower defaults.