As defined by law 9492\/97, protest is the formal and solemn act by which default and non-compliance with an obligation originating in securities and other debt documents are proven. In practice, it consists of the act of using a third party (protest office) to collect a debt that has not been paid spontaneously by the debtor or after direct collection by the creditor.<\/p>\n<\/div>
Debts subject to protest may arise from credit instruments (checks, duplicate invoice, promissory notes, bills of exchange, bank credit notes, etc.) or even from defaulted contracts. This default generates a negative entry in the debtor’s registry, making it impossible to obtain credit and invoice for purchases on credit, among other consequences.<\/p>\n<\/div>