How Does the Process Work for Seizing Assets?

 You complete a writ to seize property, the court formally issues the writ, and the writ is then given to a court officer or deputy sheriff. After that, the following happens:

• The officer contacts the debtor to see if the judgment can be paid without the need of a levy on assets, or the officer levies on assets to impress upon the debtor the importance of paying the judgment.

• If the officer levies on the debtor’s assets, the assets are transported to another location for safe storage for a minimum of ten days. If many items are seized, such as the inventory of a business, the officer must inventory them and organize them for sale.

• During the time the items are in storage, the debtor may redeem the assets by paying the full judgement, plus expenses and accumulated interest.

• If the debtor fails to redeem the assets, the levied items are sold at a public auction. 

• The levied items are sold, and the officer pays all costs and expenses associated with the proceeds from the sale.

Learn more about seizing assets!

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