What is the debtor's judgment?

The judgment of the judgment, sometimes known as the research of assets, is a legal process by which the creditor of the judgment can force his debtor to detect the existence and location of any assets. In this way, the judge the judgment may identify the assets that can be entertained in order to fulfill the debt. The process of the test varies according to jurisdiction and can be held either in court or even through mail. If the debtor refuses to respond to a court that the debtor has a court, he may face accusations of contempt for the court.

In many countries, including the United States, when the plaintiff wins his court, he is responsible for gathering his wins. It can do this by one of several ways, including the drawing plan or settlement with the debtor, decorating the debtor's wage or seizing the debtor's assets, such as money in bank and investment accounts. The difficulty is that it may not be aware of the assets of its debtor, nor will he know where to find them asset. The debtor's judgment test at u uIt makes it possible to ask your debtor for detailed information about his finances and the location of his assets. Once the creditor has this information, he may ask the sheriff or the judicial executor to confiscate the property or assets, which will then be used to repay the price for a lawsuit.

Every judicial system has its own way of conducting the debtor's judgment. In some places, the courts for small receivables can actually allow creditors to complete the test by post. This simply involves sending the worksheet to the debtor who is responsible for his return to the court building over a certain period of time. In other cases, the order for the court may be delivered to the debtor, which is then responsible for meeting the creditor or its lawyer in the courtroom, which is to be under oath, and then asks about the location and the amount of its activas. Information that the debtor of the judgment may be required to provide

After completing the judgment, the creditor and its lawyer may examine the information and decide on the best procedure for the collection of debt. In some cases, the debtor may not have anything to collect, but because the creditor now knows about the location of the debtor's bank accounts, he can regularly be able to collect these accounts if the financial situation of the debtor improves. In cases where the debtor has significant assets, the creditor may initiate a seizure process or can be able to use this information as a lever effect when negotiating settlement.