Worthless legal burden

Worthless legal burden – this is a legal burden, established as a secondary on a real estate, for example with a market value of 25 000 Euro, and a primary, initial legal burden in favor of third parties for the sum of 25 000 Euro at least. This makes the secondary burden a “worthless burden” because it can not achieve actual collection even of part of the debt. This is why it is always advisable to hire an independent lawyer to perform legal investigation of the current legal status of these available assets which could be burdened to secure your prospective claim – namely bearing the 4% court tax and on top of it legal fees for representation in local court, to see if a claim worth’s or not.

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