Question: When a debt is past due, a creditor can bring a legal action against the debtor to collect the debt If the action is successful,
When a debt is past due, a creditor can bring a legal action against the debtor to collect the debt If the action is successful, the court awards the creditor a judgment against the debtorFrequently, however, the creditor is unable to collect the awarded amount. To ensure that a judgment in the creditor's favor will be collectible, the creditor may request that certain property of the debtor be seized to satisfy the debt. What are these court orders called?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
