Writ of Seizure and Sale

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Definition of 'Writ of Seizure and Sale'

A writ of seizure and sale is a court order that allows a creditor to seize and sell the property of a debtor who has failed to pay a debt. The writ is typically issued after the creditor has obtained a judgment against the debtor. The writ gives the creditor the right to take possession of the debtor's property and sell it at auction to satisfy the debt.

The writ of seizure and sale is a powerful tool that can be used to collect debts. However, it is important to note that the writ can only be used to seize property that is owned by the debtor. The creditor cannot seize property that is owned by a third party, such as a spouse or child.

The writ of seizure and sale is also subject to certain limitations. For example, the creditor must first try to collect the debt through other means, such as garnishing the debtor's wages or bank account. The creditor must also give the debtor notice of the writ and an opportunity to contest it.

If the debtor does not contest the writ, the creditor can proceed with the sale of the property. The proceeds from the sale will be used to satisfy the debt, with any remaining funds being returned to the debtor.

The writ of seizure and sale is a powerful tool that can be used to collect debts. However, it is important to note that the writ is subject to certain limitations. It is important to consult with an attorney before taking any action to enforce a writ of seizure and sale.

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