Description
The regulations involved in the repossession and consequent selling of goods in public auctions in order to obtain the amount owed by an individual as ruled by a court of law.
Alternative labels
public sell off methods
public auction measures
public auction policies
public auction plans
public auction methods
public tender measures
public tender plans
public sell off policies
Skill type
knowledge
Skill reusability level
cross-sector
Relationships with occupations
Essential knowledge
Public auction procedures is an essential knowledge of the following occupations:
Court enforcement officer: Court enforcement officers enforce orders of court judgements such as managing the recovery of money owed, seizing of goods, and selling goods in public auctions to obtain the money owed. They also send summons and arrest warrants to ensure attendance in court or other judicial procedures.
Optional knowledge
Public auction procedures is optional for these occupations. This means knowing this knowledge may be an asset for career advancement if you are in one of these occupations.
Auction house manager: Auction house managers are responsible for the staff and activities in an auction house. Moreover, they manage the finances and marketing aspects of the auction house.
Lawyer: Lawyers provide legal advice to clients and act on their behalf in legal proceedings and in compliance with the law. They research for, interpret and study cases to represent their clients in a variety of settings such as courts and administrative boards. They create arguments on behalf of their clients for lawsuits in different contexts with the aim of finding a legal remedy.
Corporate lawyer: Corporate lawyers provide legal consulting services and representation to corporations and organisations. They give advice on matters relating to taxes, legal rights and patents, international trade, trademarks, and legal financial issues arising from operating a business.
References
- Public auction procedures – ESCO
