What Is a Levy Garnishment?
A levy is a generic term used to describe the various post-judgment collection procedures authorized by law. These may include garnishing a judgment debtor's wages, attaching his assets or placing a lien on his property.
Other People Are Reading
-
Judgment Creditor
-
A plaintiff who has prevailed in his civil action for damages against a defendant is characterized as a judgment creditor.
Post-Judgment Collection
-
Once a plaintiff obtains a judgment against a defendant from the court in which he filed his action, he can begin to utilize the collection procedures to satisfy his judgment.
-
Execution Required
-
In most jurisdictions, before commencing court-approved collection procedures, a judgment creditor must first request the court to issue an execution on the judgment.
Execution Defined
-
An execution is an official document that bears the seal of the court that issued the judgment, and it states that the judgment debtor owes the judgment creditor the specified sum.
Levying On The Execution
-
Once a judgment creditor receives an execution, he may begin to utilize the post-judgment collection procedures by attaching the assets of the judgment debtor. Such an action is frequently characterizes as "levying on the execution."
Garnishment
-
To garnishee the debtor's wages, the judgment creditor must apply to the court and if the garnishment order is granted, he must then serve notice on the judgment debtor's employer.
-
