House handing over as debt pay off

"House handing over in lieu of payment of a debt may only take place if both parties agree to it" explains Vieira de Almeida & Associados (VdA)'s managing associate, Paula Gomes Freire to Jornal de Negócios newspaper. The explanation by VdA's lawyer was provided in connection with SEFIN (Financial products consumers' association)'s proposal to allow house handing over as debt pay off.