Seizure Taking possession of the debtor's assets and selling the same if the debtor doesn't act. Grabbing
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Seizure
Taking possession of the debtor's assets and selling the same if the debtor doesn't act.
Grabbing the debtor's car, furniture
Garnishment
Intercepting payables before they come into the debtor's hands.
Intercepting pay cheques, accounts receivable, bequests
Please provide a real-life example of the two types of Seizure and two types and Garnishment.
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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