Article 454. Deferral of or permission for decision execution by installments, changing the method and procedure of decision execution

In the presence of objective circumstances hindering the execution of the judicial act, the court — at the request of the recoverer, debtor, or the State enforcement authority — shall have the right to defer or permit the execution of the decision by installments, and change the method and procedure of its execution.

Deferral of or permission for execution by installments of the judicial act may be granted for a period not exceeding one year, unless otherwise provided for by the decision of the authorized State body or by agreement of the parties.

When granting a debtor a deferral of or permission for execution by installments, the court may take measures to ensure execution of the judicial act in line with the procedure stipulated by Chapter 9 of this Code.

The application on deferral of or permission for execution by installments of the judicial act, or on changing the method and procedure of its execution shall be considered by the court in a court session within ten days from the date of receipt of the application by the court.

A ruling shall be rendered based on the results of the consideration of the application, a copy of which shall be sent to the recoverer, debtor, as well as to the State enforcement authority should the execution of the judicial act be in the process of the State enforcement authority.

The ruling may be appealed (protested) in line with the procedure established by this Code.