When the judiciary and administrations meet, it becomes difficult for a common man to deal with it. The judiciaries always pass the orders that would make the process easier and convenient for the citizens, on the other hand, the administration’s first and foremost task is to administer in such a way that no party concerned suffers from any loss.
The precatorio is one such document that involves both the judiciary and the public treasury. Right from the emergence of the precatorios, it has always been critical for the fiscal management to pay off the precatorio holders. The government has always strived harder to come out with the best scheme and amendments for the faster payment of the precatorios which has been working effectively.
However, it still demands concrete steps to bridge the gap. Whether it is the constitutional amendment no. 30, 62, or 94, every bill has been passed to simplify the process and fasten the payments.
Despite these facts, waiting for years to get the due amount of precatorios is not feasible at times. As a result of which the market of buying and selling precatorios emerged. If you possess the precatorios, go through the article to understand why buying and selling of precatorio are beneficial.
- Serve Your Emergency
The precatorio market has opened up an exit door for the people who are in needs of money. You cannot afford to wait when you have urgent requirements for cash. Unlike the earlier times, you do not need to wait for the authorities to pay your dues. As there is a market of precatorios, you can sell it and encash your money which helps a lot in serving the urgent needs.
- No Need To Wait
It is indeed uncertain when will you get your dues from the authorities. You must have been provided with a time limit within which you will get your money. However, waiting for years and bearing the uncertainty does not make sense. It is rather a better option to get a good deal for your precatorios and sell it.
- A Faster Exit Way
As mentioned above, you will not have to wait for the Union, state or the municipalities to get your dues. The precatorio market has given you an escape route. You can encash your money faster when you sell it to the investors. At times, people don’t consider selling the precatorios as a feasible option as they get lesser than the actual value of the precatorios. However, in reality, you can yield more through the investor as you get the chance to invest your money in some profit making project.
- Platform To Earn For Buyers
The precatorios market is not only beneficial to the precatorio holders but also to the buyers. The time gap and the constitutional amendments have given the room to the investors to take the benefit of the same and make money out of it. With the emergence of the market, both the buyer and seller can be in a win-win situation whereby the investors can make money and the precatorio holder can clear the dues without wasting time and energy.
- Yield More
There are basically two monetary benefits to the precatorio holder of selling it to the investors. Firstly, you get the dues cleared many years before your actual date of receiving from the authorities which is a beneficial thing as that would give you the benefit of the time value of money. A rupee today is always better than a rupees tomorrow hence, what you will get today is surely more than what you will be getting tomorrow.
Furthermore, when you have sold your precatorios, you can invest the amount received in the projects that give you better returns. That means, when you get less from the investors, you can subside it by investing and earning more profit.
Cutting the long story short, if you are the holder of precatorio judicial and you are going to get your dues after many years, you must think of selling it to the investors dealing with it to avail the above-mentioned advantages.