Asked by Akyaira Stinson on Apr 30, 2024
Verified
Which of the following is NOT true when a judge orders a writ of execution?
A) A local law officer can seize and sell a debtor's non-exempt real or personal property.
B) Some states allow a debtor to designate which property will be seized under the writ of execution.
C) If a debtor refuses to designate property for seizure and sale, the law officer can take any non-exempt property.
D) Any and all of a debtor's property can be seized to satisfy an obligation.
E) The writ of execution allows seizure of a debtor's property only after the entry of judgment in the underlying case.
Writ Of Execution
A court order granting a creditor the right to seize assets of a debtor to satisfy a judgment.
Non-exempt Property
Assets that can be seized in bankruptcy proceedings because they are not protected by exemption laws, possibly being sold off to pay creditors.
- Build knowledge on the judicial steps including writs of execution, garnishments, and attachments essential in debt collection.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
D
Explanation :
The statement that any and all of a debtor's property can be seized to satisfy an obligation is not true. Only non-exempt property can be seized under a writ of execution, meaning certain property is protected or exempt from seizure.
Learning Objectives
- Build knowledge on the judicial steps including writs of execution, garnishments, and attachments essential in debt collection.
Related questions
Which of the Following Statements Accurately Describes Judicial Liens ...
Which of the Following Is a Court-Ordered Judgment Permitting a ...
If There Are Insufficient Funds to Satisfy All the Creditors ...
Debtors Have to File a Statement of Their Calculations Under ...
Insolvency Occurs When a Debtor ...